calculate annual interest rate, Mathematics

Assignment Help:

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.

 


Related Discussions:- calculate annual interest rate

Probability, two coins are flipped once.what is the probability of getting ...

two coins are flipped once.what is the probability of getting two tails?

Theorem, Theorem, from Definition of Derivative  If f(x) is differenti...

Theorem, from Definition of Derivative  If f(x) is differentiable at x = a then f(x) is continuous at x =a. Proof : Since f(x) is differentiable at x = a we know, f'(a

Show that of all right triangles inscribed in a circle, Show that of all ri...

Show that of all right triangles inscribed in a circle, the triangle with maximum perimeter is isosceles.

Order of Operations with Fractions, 1.)3 3/8 divided by 4 7/8 plus 3 2.)4 ...

1.)3 3/8 divided by 4 7/8 plus 3 2.)4 1/2 minus 3/4 divided by 2 3/8

Quadratic Equation, Short Cuts for solving quadratic equations

Short Cuts for solving quadratic equations

Matrics, #question what is input and output analysis

#question what is input and output analysis

Phase plane, Before proceeding along with in fact solving systems of differ...

Before proceeding along with in fact solving systems of differential equations there's one topic which we require to take a look at. It is a topic that's not at all times taught in

Kurtosis-measure of central tendency, Kurtosis - It is a concept, whic...

Kurtosis - It is a concept, which refers to the degree of peakedness of a described frequency distribution. The degree is generally measured along with reference to general di

Immediate predecessor of mahavira, The twenty-third Jaina teacher, Parsva, ...

The twenty-third Jaina teacher, Parsva, the immediate predecessor of Mahavira enjoined on his disciples four great vows. To these Mahavira addes which of the followings as the fift

Write Your Message!

Captcha
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