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 area of the shaded region of square, In the adjoining figure, ABCD...

In the adjoining figure, ABCD is a square of side 6cm.  Find the area of the shaded region. Ans:    From P draw PQ ⊥ AB AQ = QB = 3cm (Ans: 34.428 sq cm) Join PB

Strategy -game theory, STRATEGY It refers to a total pattern of cho...

STRATEGY It refers to a total pattern of choices employed by any player. Strategy could be pure or a mixed one In a pure strategy, player X will play one row all of the

Calculate the total surface area which is exposed , A golf ball has a diame...

A golf ball has a diameter equal to 4.1cm. Its surface has 150 dimples each of radius 2mm. Calculate the total surface area which is exposed to the surroundings assuming that the d

MATLAB, program of curve revolve and create a surface

program of curve revolve and create a surface

Find lim sup, 1.find lim sup Ek and liminf Ek of Ek=[(-(1/k),1] for k odd a...

1.find lim sup Ek and liminf Ek of Ek=[(-(1/k),1] for k odd and liminf Ek=[(-1,(1/k)] for k even.  2.Show that the set E = {x in R^2 : x1, x2 in Q} is dense in R^2.  3.let r>0 an

Evaluate trig functions limits, Evaluate following limits. (a) (...

Evaluate following limits. (a) (b)    Solution There in fact isn't a whole lot to this limit. In this case because there is only a 6 in the denominator we'l

Solution to a differential equation, A solution to a differential equation ...

A solution to a differential equation at an interval α Illustration 1:   Show that y(x) = x -3/2 is a solution to 4x 2 y′′ + 12xy′ + 3 y = 0 for x > 0. Solution : We'll

Diabetes/Calcuation, #sally wieghs 100kg. According to the 50/50 basal bolu...

#sally wieghs 100kg. According to the 50/50 basal bolus rate be per meal bolus?

Find the constant rate of 0.01 , Two people are 50 feet separately.  One of...

Two people are 50 feet separately.  One of them begin walking north at rate so that the angle illustrated in the diagram below is changing at constant rate of 0.01 rad/min. At what

What is the opec, What is the OPEC? - The Organization of the Petroleum Exp...

What is the OPEC? - The Organization of the Petroleum Exporting Countries, a coordination group of petrol producers The Organization for Peace and Economic Cooperation, a German le

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