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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.
Example of Least Common Denominator: Example: Add 1/7 +2 /3 + 11/12 + 4/6 Solution: Step 1: Find out primes of each denominator. 7 = 7 (already is
Show that for odd positive integer to be a perfect square, it should be of the form 8k +1. Let a=2m+1 Ans: Squaring both sides we get a2 = 4m (m +1) + 1 ∴ product of two
Kara borrowed $3,650 for one year at an annual interest rate of 16%. How much did Kara pay in interest? To ?nd out 16% of $3,650, multiply $3,650 through the decimal equivalent
Exponential Functions : We'll begin by looking at the exponential function, f ( x ) = a x We desire to differe
John is planning to buy an irregularly shaped plot of land. Referring to the diagram, determine the total area of the land. a. 6,400 m 2 b. 5,200 m 2 c. 4,500 m 2 d.
which shows the rate 12 inches of rain in 6 hours as a unit rate
Solve the subsequent IVP and find the interval of validity for the solution xyy' + 4x 2 + y 2 = 0, y(2) = -7, x > 0 Solution: Let's first divide on both
On the Assessment page for the module Moodle site you will find five frequency response functions for the frequency range 20 to 100 Hz in the EXCEL spreadsheet "FRF_Data". These a
report of shares and devidends
1. Consider the relation on A = {1, 2, 3, 4} with relation matrix: Assume that the rows and columns of the matrix refer to the elements of A in the order 1, 2, 3, 4. (a)
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