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

Numerical methods, Consider the following interpolation problem: Find a q...

Consider the following interpolation problem: Find a quadratic polynomial p(x) such that p(x0) = y0 p’(x1) = y’1 , p(x2) = y2 where x0 is different from x2 and y0, y’1 , y2 a

Fundamental sets of solutions, The time has at last come to describe "nice ...

The time has at last come to describe "nice enough". We've been using this term during the last few sections to explain those solutions which could be used to form a general soluti

Find the initial number of balls, Balls are arranged in rows to form an equ...

Balls are arranged in rows to form an equilateral triangle .The first row consists of one ball, the second two balls and so on.   If 669 more balls are added, then all the balls ca

DIFFERENTIAL EQUATIONS, WHICH LIFE PROBLEMS CAN BE SOLVED USING THE KNOWLED...

WHICH LIFE PROBLEMS CAN BE SOLVED USING THE KNOWLEDGE OF DIFFERNTIAL EQUATIONS?

Triangle, we have to find the perimeter when 1 rib is 7 cm and another rib...

we have to find the perimeter when 1 rib is 7 cm and another rib is 5 cm

Numercial analysis and computer techniques, write FORTRAN programme to gene...

write FORTRAN programme to generate prime numbers between 1 and 100

Working definition of continuity , "Working" definition of continuity ...

"Working" definition of continuity A function is continuous in an interval if we can draw the graph from beginning point to finish point without ever once picking up our penci

Arden''s Theorem, Find the Regular Grammar for the following Regular Expres...

Find the Regular Grammar for the following Regular Expression: a(a+b)*(ab*+ba*)b.

Probability, Mike sells on the average 15 newspapers per week (Monday – Fri...

Mike sells on the average 15 newspapers per week (Monday – Friday). Find the probability that 2.1 In a given week he will sell all the newspapers

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