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

Statistics, reasons why we use statistics and examples of why?

reasons why we use statistics and examples of why?

Trignometry, prove that sin A /cot A + cosec A = 2 + sinA / cot A - cosec A...

prove that sin A /cot A + cosec A = 2 + sinA / cot A - cosec A

Prove that the height of the cloud , HE IGHTS AND DISTANCES If the ...

HE IGHTS AND DISTANCES If the angle of elevation of cloud from a point 'h' meters above a lake is α and the angle of depression of its reflection in the lake is  β , prove

Applications of derivatives rate change, Application of rate change Bri...

Application of rate change Brief set of examples concentrating on the rate of change application of derivatives is given in this section.  Example    Find out all the point

Solving ratios, you are in charge of making punch for an upcoming dance. th...

you are in charge of making punch for an upcoming dance. the punch recipe makes 5 cups of punch by making 3 cups of cranberry juice with 2 cups of apple juice. What is the ratio of

Hypothesis test, Describe, in your own words, the following terms and give ...

Describe, in your own words, the following terms and give an example of each. Your examples are not to be those given in the lecture notes, or provided in the textbook. By the en

Calculate one-sided limits, Calculate the value of the following limits. ...

Calculate the value of the following limits. Solution From the graph of this function illustrated below, We can illustrate that both of the one-sided limits suffer

In how many years is the population expected to be 42, The population of a ...

The population of a particular city is increasing at a rate proportional to its size. It follows the function P(t) = 1 + ke 0.1t where k is a constant and t is the time in years.

Are parrellel meet at infinity?, no the parallel lines do not meet at infin...

no the parallel lines do not meet at infinity because the parallel lines never intersect each other even at infinity.if the intersect then it is called perpendicuar lines

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