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

Determine the widest piece of mail, A mailbox opening is 4.5 inches high an...

A mailbox opening is 4.5 inches high and 5 inches wide. Determine the widest piece of mail able to ?t in the mailbox without bending? a. 9.5 inches b. 2.2 inches c. 6.7 in

People fit, How many people ca fi in a small cars without seats?

How many people ca fi in a small cars without seats?

Factoring polynomials with higher degree, Factoring Polynomials with Degree...

Factoring Polynomials with Degree Greater than 2 There is no one method for doing these generally.  However, there are some that we can do so let's take a look at a some exa

What is the average temperature on the celsius scale, Peggy's town has an a...

Peggy's town has an average temperature of 23° Fahrenheit in the winter. What is the average temperature on the Celsius scale? If the total amount for both is 80, after that th

prove that 2a=b+c, If the roots of the equation (a-b) x 2 + (b-c) x+ (...

If the roots of the equation (a-b) x 2 + (b-c) x+ (c - a)= 0 are equal. Prove that 2a=b+c. Ans:    (a-b) x 2 + (b-c) x+ (c - a) = 0 T.P 2a = b + c B 2 - 4AC = 0

Determine the number of combinations, 3 items x, y and z will have 6 differ...

3 items x, y and z will have 6 different permutations however only one combination. The given formular is generally used to determine the number of combinations in a described situ

Calculus with matrices, Calculus with Matrices There actually isn't a ...

Calculus with Matrices There actually isn't a whole lot to it other than to just ensure that we can deal along with calculus with matrices. Firstly, to this point we've onl

Calculate the amplitude of trigonometry function, Consider the trigonometri...

Consider the trigonometric function f(t) = -3 + 4 cos(Π/ 3 (t - 3/2 )). (a) What is the amplitude of f (t)? (b) What is the period of f(t)? (c) What are the maximum and mi

Example of product moment correlation, Example of Product moment correlatio...

Example of Product moment correlation The given data was acquired during a social survey conducted in a described urban area regarding the yearly income of described families

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