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1. What is the present value of a security that will pay $15,000 in 15 years if securities of equal risk pay 8.9% annually? Round your answer to the nearest cent.
475,858.20
2. Your parents will retire in 15 years. They currently have $270,000, and they think they will need $1 million at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places.
3. If you deposit money today in an account that pays 7.7% annual interest, how long will it take to double your money? Round your answer to the nearest whole.
finite or infinite 1]A={4,5,6,....}
If the minute hand of a big clock is 1.05 m long, find the rate at which its tip is moving in cm per minute.
A ?ight from Pittsburgh to Los Angeles took 5 hours and covered 3,060 miles. What was the plane's average speed? Find out the rate at that Susan is traveling through dividing h
Ut=Uxx+A exp(-bx) u(x,0)=A/b^2(1-exp(-bx)) u(0,t)=0 u(1,t)=-A/b^2 exp(-b)
Taylor Series - Sequences and Series In the preceding section we started looking at writing down a power series presentation of a function. The difficulty with the approach
First, a solution to an equation or inequality is any number that, while plugged into the equation/inequality, will satisfy the equation/inequality. Thus, just what do we mean by
what is Value Delivery
A pool is surrounded through a deck that has the similar width all the way around. The total area of the deck only is 400 square feet. The dimensions of the pool are 18 feet throug
what is trecnametry
Well, my uncle want me to tutor him in mathematics. But, the problem is I don''t know what he already knows about math. It for his Compass Test when he go back to school in the spr
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