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

Prove that xa+ar=xb+br of circle, In figure, XP and XQ are tangents from X ...

In figure, XP and XQ are tangents from X to the circle with centre O. R is a point on the circle. Prove that XA+AR=XB+BR Ans:    Since the length of tangents from externa

Give a definition of perimeter and area, Give a Definition of Perimeter and...

Give a Definition of Perimeter and Area? Perimeter is the distance around a flat (2-dimensional) shape. Area is the amount of space taken up by a flat (2-dimensional) shape. is

Arithmetic sequence, find a30 given that the first few terms of an arithmet...

find a30 given that the first few terms of an arithmetic sequence are given by 6,12,18...

probability problems, A school principal is looking at the combinations of...

A school principal is looking at the combinations of subjects students are studying. He learns that the probability that a student is studying Chemistry is 0.5 and that the prob

Find relation between x and y while lies on straight line, Find the relatio...

Find the relation between x and y when the point (x,y) lies on the straight line joining the points (2,-3) and (1,4) [ Hint: Use area of triangle is 0] Ans :   Hint: If the poi

Find the return period in years of the critical event, 1. A drainage system...

1. A drainage system overflows into a river causing pollution when the rainfall falling in an hour exceeds 50 mm. During any given year, the maximum hourly rainfall follows an expo

Finding the LCM, what is the LCM of 18, 56 and 104 show working

what is the LCM of 18, 56 and 104 show working

Find the total cost of the shop of arithmetic progressions, Raghav buys a s...

Raghav buys a shop for Rs.1,20,000.He pays half the balance of the amount in cash and agrees to pay the balance in 12 annual instalments of Rs.5000 each. If the rate of interest is

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