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

Calculate the probability, Calculate the Probability A bag contains 80...

Calculate the Probability A bag contains 80 balls of such 20 are red, 25 are blue and 35 are white.  A ball is picked at random what is the probability that the ball picked is

What price tag will he put on the item, The manager of a specialty store ma...

The manager of a specialty store marks up imported products 110%. If a vase imported from Italy costs him $35, what price tag will he put on the item? To ?nd out the price he s

Problem Solving, Max can paint a house in 3 hours. Saria can paint a house...

Max can paint a house in 3 hours. Saria can paint a house in 5 hours. working together, how long will it take both Saria and Max to paint a house?

Estimate the greatest possible number of calculators, Martha has $20 to spe...

Martha has $20 to spend and would like to buy as several calculators as possible along with the money. The calculators that she needs to buy are $4.50 each. How much money will she

Green function, greens function for x''''=0, x(1)=0, x''(0)+x''(1)=0 is G(t...

greens function for x''''=0, x(1)=0, x''(0)+x''(1)=0 is G(t,s)= {1-s for t or equal to s

Algebra, If a^n+1 + b^n+1/a^n + b^n is the arithmetic mean of a and b then ...

If a^n+1 + b^n+1/a^n + b^n is the arithmetic mean of a and b then find n. Answer:Arithmatic mean of a,b is =(a+b)/2  from the problem (a+b)/2=(a^n+1 +b ^n+1)/(a^n+b^n)  then (a+

Long distance calls cost x cent how much 5-minute call cost, A long distanc...

A long distance calls costs x cents for the first minute and y cents for every additional minute. How much would a 5-minute call cost? The cost of the call is x cents plus y ti

Example of mathematical operations, Example of mathematical operations: ...

Example of mathematical operations: Example: Solve the following equation: [2 .( 3 + 5) - 5 + 2] x 3 =  ________   Solution: a.         Perform operations with

Algebra, Tom has five times as many marbles as Jim. together they have 42 m...

Tom has five times as many marbles as Jim. together they have 42 marbles. how many marbles does each has?

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