Help with word problem, Mathematics

Assignment Help:
You would like to have $4000 in four years for a special vacation following graduation by making deposits at the end of every 6 months in an annuity that pays 7% compounded semiannually.
A. How much should you deposit at the end of every six months?


B. How much of the $4000 comes from deposits and how much comes from interest?

Related Discussions:- Help with word problem

Three times the larger of the two numbers, If three times the larger of the...

If three times the larger of the two numbers is divided by the smaller, then the quotient is 4 and remainder is 5. If 6 times the smaller is divided by the larger, the quotient is

Without a calculator give the exact value, without a calculator give the ex...

without a calculator give the exact value of each of the following logarithms. (a) (b) log1000 (c) log 16 16 (d) log 23 1  (e)  Solution (b) log10

Scalar equation of plane - three dimensional spaces, Scalar Equation of Pla...

Scalar Equation of Plane A little more helpful form of the equations is as follows. Begin with the first form of the vector equation and write a vector for the difference. {

Need help, If 28,000 = 85% and 28,000 / X = 100%. What the freak is X and h...

If 28,000 = 85% and 28,000 / X = 100%. What the freak is X and how do you work it out.

#probability, A B C play a game. If chance of their winning it in an attemp...

A B C play a game. If chance of their winning it in an attempt arr2/3, 1/2, 1/4 respective. A has a first chance followed by Band Called respective chances of winning the game.

Define an ordered rooted tree, Define an ordered rooted tree. Cite any two ...

Define an ordered rooted tree. Cite any two applications of the tree structure, also illustrate using an example each the purpose of the usage.   Ans: A  tree is a graph like t

Decision-making under conditions of risk, Decision-making Under Conditions ...

Decision-making Under Conditions of Risk With decision-making under conditions of risk all possible states of nature are known and the decision maker has sufficient knowledge

Velocity of a particle, A particle moves along a straight line so that afte...

A particle moves along a straight line so that after t secs its distance from fixed point O on the line is given by s=(t-1)^2(t-2).find the distance from O when the velocity is zer

Can religious wars be avoided in the future, To what extent do you think re...

To what extent do you think religious beliefs should justify war? How is this shown in "The Song of Roland"? Cite examples of how religious beliefs have led to war in the last two

Multiplication of two like terms with opposite signs, The product of -7ab a...

The product of -7ab and +3ab is (-7 x 3) a 2  b 2  = -21a 2  b 2 . In other words, a term with minus sign when multiplied with a term having a positive sign, gives a product having

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