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

Explain angle theorems, Explain Angle Theorems ? Certain angles and an...

Explain Angle Theorems ? Certain angles and angle pairs have special characteristics: Vertical angles are opposite angles formed by the intersection of two lines. Vertical ang

Calculus, I need help with my calculus

I need help with my calculus

Example of line - common polar coordinate graphs, Example of line - Common ...

Example of line - Common Polar Coordinate Graphs Example:  Graph θ = 3Π, r cos θ = 4 and r sin θ = -3 on similar axis system. Solution There actually isn't too much to

Additional rule- rules of probability, Additional Rule- Rules of Probabilit...

Additional Rule- Rules of Probability Additional rule is used to calculate the probability of two or more mutually exclusive events. In such circumstances the probability of t

Precalculus, describe the end behavior of the following function using Limi...

describe the end behavior of the following function using Limit notation f(x)= 2x-1/x-1

Organized list strategy, i can not figer out my homework it says "USE THE M...

i can not figer out my homework it says "USE THE MAKE AN ORGANIZED LIST STRATEGY,Medeline bikes 4 laps around her neighborhood 2 times a week.How many laps does she bike in 8 weeks

Local maxima, Given that f(x,y) = 3xy -  x 2 y  - xy 2 . Fi nd all the poin...

Given that f(x,y) = 3xy -  x 2 y  - xy 2 . Fi nd all the points on the surface z = f(x, y)where local maxima, local minima, or saddles occur

How is probability distribution of random variable construct, How is the pr...

How is the probability distribution of a random variable constructed? Usually, the past behavior of the variable is studied and the frequency distribution of the past data is form

External division of section formula, give me the derivation of external di...

give me the derivation of external division of sectional formula using vectors

Calculus Homework, Find the slope of the line tangent to the graph of f(x)=...

Find the slope of the line tangent to the graph of f(x)= 3-2ln(2x^2+4) at the point (4, F(4))

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