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

Find the volume of a cylinder of radius r, Find the volume of a cylinder of...

Find the volume of a cylinder of radius r and height h. Solution : Here, as we mentioned before starting this illustration we actually don't require using an integral to get t

Find the limit of given matrix, What is required: This assignment is to be ...

What is required: This assignment is to be resolved using Maple. You are to upload a single Maple worksheet with file name FamilynameFirstname.mw (e.g., CarrElliot.mw), using the A

+, what is 2+2=

what is 2+2=

Generalized least squares regression, a. Estimate the following model,  C t...

a. Estimate the following model,  C t   =  β 0   +  β 1 * DI t +  ε t             Where C t = Aggregate Consumption Expenditure in Australia, quarterly data for the per

Apply depth-first-search to find out the spanning tree, Apply depth-first-s...

Apply depth-first-search to find out the spanning tree for the subsequent graph with vertex d as the starting vertex.        Ans: Let us begin with node'd'. Mark d as vi

Population problem - nonhomogeneous systems, The next kind of problem seems...

The next kind of problem seems as the population problem. Back in the first order modeling section we looked at several population problems. In such problems we noticed a single po

Equation, how do you slove 4u-5=2u-13

how do you slove 4u-5=2u-13

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