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

Sketch the parametric curve for parametric equations, Sketch (draw) the par...

Sketch (draw) the parametric curve for the subsequent set of parametric equations. x = t 2 + t y = 2t -1 Solution At this point our simply option for sketching a par

Method of cylinders or method of shells, Method of cylinders or method of s...

Method of cylinders or method of shells The formula for the area in all of the cases will be,                                                        A = 2 ∏ ( radius ) (heig

What will the day of the week be the further time at the gym, Max goes to t...

Max goes to the gym every fourth day. Ellen's exercise routine is to go every third day. Today is Monday and both Max and Ellen are at the gym. What will the day of the week be the

Solution of rectilinear figures, A straight line AB on the side of a hill i...

A straight line AB on the side of a hill is inclined at 15.0° to the horizontal. The axis of a tunnel 486ft. long is inclined 28.6° below the horizontal lies in a vertical plane wi

Evaluate limit in l''hospital''s rule form, Evaluate the below given limit....

Evaluate the below given limit. Solution Note as well that we actually do have to do the right-hand limit here. We know that the natural logarithm is just described fo

Determine the volume of the pool, An inground pool is pooring with water. T...

An inground pool is pooring with water. The shallow end is 3 ft deep and gradually slopes to the deepest end, which is 10 ft deep. The width of the pool is 30 ft and the length is

Operation, What is a characteristic of operation

What is a characteristic of operation

Irregular shapes and solids, find the area of the irregular shape 2cm 4cm 4...

find the area of the irregular shape 2cm 4cm 4cm 2cm 5cm 5cm

Math, what is the changen intemperature bewtween the highest and the lowest...

what is the changen intemperature bewtween the highest and the lowest temperture high-40c low-0c

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