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

Permutation, A train goin from delhi to jaipur stops at 7 intermediate stat...

A train goin from delhi to jaipur stops at 7 intermediate stations. 5 persons enter the train during the journey with 5 difefrent tickets of same class . How mant different set of

Applied mathematics, I have a journal article in applied mathematics and wa...

I have a journal article in applied mathematics and want to analyze the solutions step by step. Is there anyone specialize in this file?

Evaluate the integral, Example:   If c ≠ 0 , evaluate the subsequent integr...

Example:   If c ≠ 0 , evaluate the subsequent integral. Solution Remember that you require converting improper integrals to limits as given, Here, do the integ

Estimate whose time was the fastest, Nancy, Jennifer, Alex, and Joy ran a r...

Nancy, Jennifer, Alex, and Joy ran a race. Nancy's time was 50.24 seconds, Jennifer's was 50.32, Alex's was 50.9, and Joy's was 50.2. Whose time was the fastest? The fastest ti

Find relative extrema f ( x ) = x2 on [-2, Recognizes the absolute extrema...

Recognizes the absolute extrema & relative extrema for the given function.  f ( x ) = x 2        on                  [-2, 2] Solution Following is the graph for this fun

Fraction, 5645.356 turn into fraction

5645.356 turn into fraction

One integer is four times other what is the value of lesser, One integer is...

One integer is four times other. The sum of the integers is 5. What is the value of the lesser integer? Let x = the lesser integer and now let y = the greater integer. The ?rst

Lognormal distribution, The Lognormal Distribution If ln(X) is a normal...

The Lognormal Distribution If ln(X) is a normally distributed random variable, then X is said to be a lognormal variable. If P1, P2, P3, ... are the prices of a scrip in per

Cartesian product-categories of multiplication, Cartesian product - situat...

Cartesian product - situations in which the total number of ordered pairs (or triples, or ...) are do be found. (e.g., if Hari makes 'dosas' of 3 different sizes, with 4 different

Function and relation, how to know if it is function and if is relation

how to know if it is function and if is relation

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