What will be the balance on the account after 6 deposits

Assignment Help Econometrics
Reference no: EM13203575

You deposit today $4500 dollars in an account that pays 3.9 percent per year. For the next few years you will keep making deposits 7.3 percent larger than the previous one. What will be the balance on the account after 6 deposits.

Reference no: EM13203575

Questions Cloud

use inductive reasoning to determine the next term : use inductive reasoning to determine the next term: 22,43,65,87,1011,1213,1417,1619
How many balloons of each color did marty inflate : 1147 total balloons. There were 255 more white balloons than red ones. There were 116 fewer blue balloons than white. How many balloons of each color did Marty inflate?
For what amount of medical bills will plan b save giselle : Under plan B, Giselle would pay the first $140, but only 20% of the rest. For what amount of medical bills will plan B save Giselle money? Assume she has over $140 in bills.
Compute the length of the helical path x : Demostrate that your result gives the obviously correct answer for the limiting case.
What will be the balance on the account after 6 deposits : You deposit today $4500 dollars in an account that pays 3.9 percent per year. For the next few years you will keep making deposits 7.3 percent larger than the previous one. What will be the balance on the account after 6 deposits.
What yearly payments will the person recieve for the last : For the next 20 years, equal yearly paymentsare withdrawn, at the end of which the account will have a zero balance. If money is worth 9% compounded annually, what yearly payments will the person recieve for the last 20 years?
What angle of elevation should be used to hit an object : A gun has a muzzle speed of 100 meters per second. What angle of elevation should be used to hit an object 190 meters away? Neglect air resistance and use as the acceleration of gravity.
Calculate the amount of the last payment : Earl obtained a loan for 22000 dollars. He will pay it back in 17 months with an interest rate of 8 yearly compunded monthly. Each payment will be $200 larger than the previous payment. Calculate the amount of the last payment.
Find how long is the ladder : a ladder reaches H when held vertically against a wall. When the base is 6 feet from the wall, the top of the ladder is 2 feet lower than H. How long is the ladder.

Reviews

Write a Review

Econometrics Questions & Answers

  What is the current profit or loss for 1000 units produce

The products are being made by a machine that currently costs $100,000 and produces a 1000 units during its lifetime after which it needs to be replaced. The machine can be replaced by a larger one that produces proportionally larger number of uni..

  If the company is maximimzing profit should it build bridge

A company is considering building a bridge across a river. The bridge would cost $2 million to build and nothing to maintain. The following table shows the company's anticipated demand over the lifetime of the bridge.If the company were to build t..

  Write an expression describing total revenue

The Metropolitan Symphony in Toledo, Ohio, has had great success with a "Senior Citizens' Night" promotion. By offering half off its regular $20 admission price, average nightly attendance has risen from 4,000 to 6,000 persons.

  Evaluate the price elasticity of demand in each submarket

Dertermine the profit maximizing level of output to be produced and sold in each submarket. What price should the firm charge in each submarket.  Evaluate the price elasticity of deman in each submarket.

  Determine the mean square error

A random sample of 40 companies with assets over $10 million was selected and asked for their annual computer technology expense and industry. The ANOVA comparing the average computer technology expense among three industries rejected the null hyp..

  What is the break-even quantity of bagels

You'll earn $0.50 on each bagel, $0.50 on each cup of coffee, and $1.00 on the other items. Salaries, equipment, and rent cost about $100,000 per year. What is the break-even quantity of bagels.

  Find the market price and the consumer surplus

Suppose two firms 1 and 2 compete in quantities and face a demand curve p = 100 - q. Suppose firm 1 has a constant marginal cost of 10 while firm 2 has a constant marginal cost of 40. Suppose they produce quantities simultaneously. a. Find q..

  How test statistic can be computed from two regressions

State what is its distribution under the null and why and explain the conditions under which you would reject H0

  Determine standard error of the estimate

There is a belief that a person's performance on the GMAT (entrance exam to get into graduate school) can be predicted by their undergraduate GPA. Based on regression analysis what are the following values, (Round to three decimal places; put it ..

  What will taxpayers federal income tax be

He is considering an additional activity expected to increase his adjusted gross income. If this increase is 16000 and there should be no charge in non business deductions or exemptions, what will be the increase in his federal income tax

  Determine the present value of the investment

A team of carrying materials costs $ 15,000 and is expected to save 3,000 in operating costs the first year. The increase in operating and maintenance costs will reduce the net savings $ 250 per year until the equipment is replaced at the end of y..

  Calculate mac''s optimal membership and level of profit

The Manchester Athlete's Club (MAC) is a private, not-for-profit athletic club located in St. Petersburg, Florida. MAC currently has 3,500 members but is planning on a membership drive to increase this number significantly. An important issue faci..

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