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

Melisa and jennifer threw a fiftieth how much is a 20% tip, Melisa and Jenn...

Melisa and Jennifer threw a fiftieth birthday party for their father at a local restaurant. While the bill came, Melisa added a 15% tip of $42. Jennifer said in which the service w

Cross product - vector, Cross Product In this last section we will loo...

Cross Product In this last section we will look at the cross product of two vectors.  We must note that the cross product needs both of the vectors to be three dimensional (3D

Determine the number of full withdrawals, A worker retires with a lump sum ...

A worker retires with a lump sum superannuation benefit of $500,000. She immediately invests this money in a fund earning 5% pa effective. One year after retirement she begins maki

What is sherman''s pulse rate in beats per minute, Sherman took his pulse f...

Sherman took his pulse for 10 seconds and counted 11 beats. What is Sherman's pulse rate in beats per minute? A 10 second count is 1/6 of a minute. To find out the number of be

Find the number of males and females in the village, The population of the ...

The population of the village is 5000.  If in a year, the number of males were to increase by 5% and that of a female by 3% annually, the population would grow to 5202 at the end o

How we solve polynomial equations using factoring, How we Solve Polynomial ...

How we Solve Polynomial Equations Using Factoring ? A polynomial equation is an equation that has polynomials on both sides. Polynomial equations can often be solved by putti

Joey participated-a-thon how many hours did joey team dance, Joey participa...

Joey participated within a dance-a-thon. His team begin dancing at on Friday 10 A.M. and stopped at 6 P.M. on Saturday. How many hours did Joey's team dance? From 10 A.M. Frida

What is the probability that the integer chosen is divisible, An integer i...

An integer is chosen at random from the first two hundreds digit. What is the probability that the integer chosen is divisible by 6 or 8.                    (Ans : 1/4 ) Ans:

What is this distance expressed in standard notation, The distance from the...

The distance from the sun to the earth is approximately 9.3 × 10 7 miles. What is this distance expressed in standard notation? In order to convert this number to standard not

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