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

How many ounces of tomatoes does mark have, Mark has three 4 1/2 oz cans o...

Mark has three 4 1/2 oz cans of tomatoes and ?ve 8 1/4 oz cans. How many ounces of tomatoes does Mark have? Ignore the fractional parts of the mixed numbers at first and mul

.fractions, what is the difference between North America''s part of the tot...

what is the difference between North America''s part of the total population and Africa''s part

Two circles touch internally, Two circles touch internally at a point P and...

Two circles touch internally at a point P and from a point T on the common tangent at P, tangent segments TQ and TR are drawn to the two circles. Prove that TQ = TR. Given:

The mean value theorem, The Mean Value Theorem : In this section we will ...

The Mean Value Theorem : In this section we will discuss the Mean Value Theorem.  Before we going through the Mean Value Theorem we have to cover the following theorem. Ro

Initial value problems, Write a Matlab function MyIVP that solves an initia...

Write a Matlab function MyIVP that solves an initial-value problem (IVP) for a system of ordinary differential equations (ODEs) of the form x ?(t) = f (t, x(t)), where f : R × Rn ?

Sin3? = cos2? find the most general values of ?, sin3θ = cos2θ find the mos...

sin3θ = cos2θ find the most general values of θ satisfying the equatios? sinax + cosbx = 0 solve ? Solution)  sin (3x) = sin(2x + x) = sin(2x)cos(x) + cos(2x)sin(x) = 2sin(x)cos(

Algebra, 1 ream uses 6% of a tree, Estimate the reams of paper used in one ...

1 ream uses 6% of a tree, Estimate the reams of paper used in one month in an office(may be your father, mother or neighbour), hence find the number of trees that need to be cut fo

Word problem, a recipe good for 4 servings require 1/8 tsp. black pepper an...

a recipe good for 4 servings require 1/8 tsp. black pepper and 1/2 tsp. of salt. how much black pepper and how much salt needed for 2 servings?

Fractions, The bowling alley suggests selecting a ball that is 1/7 of the b...

The bowling alley suggests selecting a ball that is 1/7 of the bowlers weight. If the bowler weighs 84 pounds, how much should the bowling ball weigh?

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