What was the size of each payment

Assignment Help Mathematics
Reference no: EM131556623

Question: Suppose payments were made at the end of each quarter into an ordinary annuity earning interest at the rate of 10%/year compounded quarterly. If the future value of the annuity after 5 yr is $50,000, what was the size of each payment?

Reference no: EM131556623

Questions Cloud

The impact and effect of compensation within an organization : Write a three-to-five page essay that summarizes the impact and effect of compensation within an organization.
What do consumers need to know about the product : What do consumers want to know before making a purchase decision? What do consumers need to know about the product
Was the belcher manufacturing company guilty of safety : In this particular case, was the Belcher Manufacturing Company guilty or innocent of safety violations that resulted in the death of William Carlson?
Identify and discuss the specific organizational problems : Identify and discuss the specific organizational problems/issues. Identify and discuss the diagnostic tools and/or intervention(s) used.
What was the size of each payment : Suppose payments were made at the end of each quarter into an ordinary annuity earning interest at the rate of 10%/year compounded quarterly.
What would you do to encourage others to develop their ei : What would you do to encourage others to develop their EI? What would you do to create a positive emotional climate in your department?
Methodologies of unified threat management : 1. Identify the five combination of network security devices and methodologies of Unified Threat Management (UTM)
What should be the size of each repayment : FINANCING A HOME The Flemings secured a bank loan of $288,000 to help finance the purchase of a house. The bank charges interest at a rate of 9%/year.
Integrate the christian worldview into nursing care : Integrate the Christian worldview into nursing care related to this culture. You must include at least 2 relevant passages from Scripture and/or examples.

Reviews

Write a Review

Mathematics Questions & Answers

  Show r in the lower limit topology

Prove that the intersection of any collection of closed sets in X is a closed set and prove that the union of finitely many closed sets in X is a closed set.

  Density to the density of water

The specific gravity of a substance is the ratio of its density to the density of water. If the density of a steel alloy is 441 lb/ft3 and that of water is 62.4 lb/ft3, what is the specific gravity of the steel alloy? Round to decimal places as n..

  Find the slope of the tangent line to the curve

Using the definition of the derivative, find the slope of the tangent line to the curve at the point (5, f(-5)). Write the equation of the tangent line to the curve at the point (5, f(-5)).

  Assume mathew has to put tape on all edges of the posters

mathew needs to put 30 posters on the exhibit hall. ten of the posters are 24 inches by 39 inches the others are 18

  Find the expression for the surface area of the box in terms

a box with no lid is created from a square of cardboard with a side length of 60 cm by cutting rectangles of length x by 2x from each corner (the extra side length of this square of 2x is folded over to create a double thickness side for added str..

  Find the work needed to build the pyramid

A Pyramid is 785 ft high (due to erosion, its current height is slightly less) and has a square base of side 3140 ft. Find the work needed to build the pyramid if the density of the stone is estimated at 180 lb/ft^3.

  Use z score to solve the probability

Use z score to solve the probability. Fluctuation in the prices of precious metals such as gold have been empirically shown to be well approximated by a normal distribution when observed over short interval of time.

  Compute the determinants in cofactor expansions

Compute the determinants in cofactor expansions.

  If this card were using interest rates of 30 years ago how

in the month of april your credit card which is charging you 9.9 the current prime interest rate has a balance of

  Find the distance the tip of the needle travels

The needle of the scale in the bulk food section of a supermarket is 21 cm. long. Find the distance the tip of the needle travels when it rotates 146 degrees.

  What was the regular price

Amy paid $102.00 for a pair of New Balance 1122 running shoes during a 15% off sale. What was the regular price?

  Project i have a project and i really need help with it its

i have a project and i really need help with it its in fact 8 of them. the book is fundamentals of differential

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd