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

Heat loss in cylindrical pipe, which physics law is used to describe heat l...

which physics law is used to describe heat loss in cylindrical pipe

Inverse sine, Inverse Sine : Let's begin with inverse sine.  Following is ...

Inverse Sine : Let's begin with inverse sine.  Following is the definition of the inverse sine. y = sin -1 x         ⇔     sin y = x                for - ?/2 ≤ y ≤ ?/2 Hen

Ratio, how to make a tape diagram and a equivalent ratio

how to make a tape diagram and a equivalent ratio

Algebra, 25 algebraic equations that equal 36

25 algebraic equations that equal 36

Basics of series - sequences and series, Series - The Basics That top...

Series - The Basics That topic is infinite series.  So just define what is an infinite series?  Well, let's start with a sequence {a n } ∞ n=1 (note the n=1 is for convenie

Rationalize the denominator, Rationalize the denominator for following.  Su...

Rationalize the denominator for following.  Suppose that x is positive. Solution We'll have to start this one off along with first using the third property of radica

Example of a function - inflection point, 1. (a) Give an example of a funct...

1. (a) Give an example of a function, f(x), that has an inflection point at (1, 4). (b) Give an example of a function, g(x), that has a local maximum at ( -3, 3) and a local min

Calculate the area and circumference of a circle, Calculate the area and ci...

Calculate the area and circumference of a circle: Calculate the area and circumference of a circle with a 3" radius.  Solution: A =      πr2

Absolute convergence - sequences and series, Absolute Convergence Whil...

Absolute Convergence While we first talked about series convergence we in brief mentioned a stronger type of convergence but did not do anything with it as we didn't have any

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