You wish to have 500000 saved up in 30 years assuming that

Assignment Help Mathematics
Reference no: EM13376528

You wish to have $500,000 saved up in 30 years. Assuming that you can get an interest rate of prime + 5% on your investment (compounded quarterly.)

a) How much do you need to invest today to have $500,000 30 years in the future?

b) How much of that total is interest?

 

Reference no: EM13376528

Questions Cloud

What legal right do you have to these exams did you create : what legal right do you have to these exams? did you create them? did you get permission to post them? do you have
The time needed to roast a chicken depends on its weight : the time needed to roast a chicken depends on its weight. allow at least 15 minlb for a chicken weighing up to 6 lbs.
Abacteria culture grows according to the formula n t -4t2 : a bacteria culture grows according to the formula n t -4t2 40t 25 where n is the number of bacteria after t minutes
1 give a counter example and then prove why ie a metric : 1. give a counter example and then prove why i.e. a metric space and a sequence that disproves the claim every cauchy
You wish to have 500000 saved up in 30 years assuming that : you wish to have 500000 saved up in 30 years. assuming that you can get an interest rate of prime 5 on your investment
A factory consists of m machines m1 mm and needs to : a factory consists of m machines m1 ... mm and needs to process n jobs every day. job j needs to be processed once by
1 give a counter example ie a metric space and a sequence : 1. give a counter example i.e. a metric space and a sequence that disproves theclaim every cauchy sequence converges
For a whole life insurance policy issued to a life aged : for a whole life insurance policy issued to a life aged exactly 30 has an increasing death benefit sum insuredface
An equation is given enter your answers as a : an equation is given. enter your answers as a comma-separated list. let k be any integer. round terms to three decimal

Reviews

Write a Review

Mathematics Questions & Answers

  What are the width and the length of the rectangle

dimensions of a rectangle of such that its length is 5in more then its width. If the length were doubled and the width were decreased by 2, the area would be increased by 220 in.^2. What are the width and the length of the rectangle?

  Information about recursive algorithm

Give a recursive algorithm for computing n * a using only addition, where n is a positive integer and a is a real number. (add a to itself n times).

  What is the cost recovery deduction for 2011 rounded

Paola purchased an office building on January 5, 2009, for $450,000. $30,000 of the price was for the land. On September 25, 2011, he sold the office building. What is the cost recovery deduction for 2011 rounded to the nearest dollar?

  Which of the expressions below are equal to the one in box

Which of the expressions below are equal to the one in the box? Check all that apply.

  How much is rope

A customer asks how much 50 feet of rope will cost. your chart shows that there are 12.5 feet in a pound of rope. at $ 0.75 a pound, how much is rope?

  Find the rate at which the distance bewween the planes

which the distance between the planes changes when the southbound plane is 34 km away from the airport and the westbound plane is 21 km from the airport.

  What is the length of its corresponding base

The area of a parallelogram is 221 yd to the second power. Its height is 13 yd. What is the length of its corresponding base?

  Use the periodic table as needed

How many moles of carbon, hydrogen, and oxygen are present in a 100-rm g sample of ascorbic acid? Use the periodic table as needed.

  State the blood alcohol concentration and r

the blood alcohol concentration and R, given as a percent, is the risk of having a car accident.

  Find the final velocity of protons

Protons are accelerated from rest through a potential difference of 20,000 volts. Find the final velocity of protons.

  Distinguish between static and dynamic geometry

Distinguish between static and dynamic geometry problems. Use dynamic geometry software to create geometric objects. Use dynamic geometry software to reflect, rotate, and translate objects.

  How much will it cost to build a 90-foot tower

That is, the next ten feet will cost $125; the next ten feet will cost $150, etc. How much will it cost to build a 90-foot tower?"

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