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

Parametric curve - parametric equations & polar coordinates, Parametric Cur...

Parametric Curve - Parametric Equations & Polar Coordinates Here now, let us take a look at just how we could probably get two tangents lines at a point.  This was surely not

Determine the approximate raw act score, Using the same mean and standard d...

Using the same mean and standard deviation as mean m = 20.1 and a standard deviation s = 5.8. Joe was informed that he scored at the 68 th percentile on the ACT, what was Joe's ap

Define euler circuit and euler path, Define Euler Circuit and Euler Path.  ...

Define Euler Circuit and Euler Path.  Which of the following graphs have an Euler circuit and Euler path.

What are inclusive events, Q. What are Inclusive Events? Ans. Even...

Q. What are Inclusive Events? Ans. Events that can occur at the same time are called inclusive events. For example, a student can belong to more than one club at one time

Polynomials, write the zeros of underroot3power2 -8x+4underroot 3

write the zeros of underroot3power2 -8x+4underroot 3

Radius of rhim, how long is the radius of car tyre?

how long is the radius of car tyre?

Application of probability in business, Application of Probability in Busin...

Application of Probability in Business 1. Business games of chance for illustration, Raffles Lotteries. 2. Insurance firms: this is generally done when a new client or prop

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