Solution-Determine the periodic deposit

Determine the periodic deposit

Reference no: EM13844438

Perlodic Deposit	$? at the end of each year
Rate	5.5% compounded annually
Time	18 years
Financial Goal	$140,000

a. Determine the periodic deposit.

b. How much of the financial goal comes from deposits and how much comes from interest?

a. In order to have $140,000 in 18 years, you should deposit $____ each year.

b. $_____ of the $140,000 comes from your deposits and $_____ comes from interest.

Reference no: EM13844438

Questions Cloud

Primary functions of a financial forensics professional : What are the two primary functions of a financial forensics professional. What is one reason for the proliferation of white collar crime

Compare the master budget flexible budget and actual results : Compare the master budget, flexible budget, and actual results for the month of July. Briefly discuss which division appears most successful and why.

Explain the conversion from class to basic type : Conversion from Class to Basic Type

Write a program to open a file in c++ : Write a program to open a file in C++

Determine the periodic deposit : Determine the periodic deposit and how much of the financial goal comes from deposits and how much comes from interest?

A risk management plan : A risk management plan

Describes how program promotes academic development : Describes how the program promotes the academic, career, and personal-social development of students while also contributing to academic achievement

Formal expository or persuasive paper : Formal Expository or Persuasive Paper: You will choose a topic that is related to some area of sanity across the ages, review documented research sources, and develop a double-spaced, 11-12 point font, (Times New Roman instead of Courier or Courie..

Generating and refining topics : This assignment should be helpful in generating and refining topics for your upcoming Narrative essay (look ahead to the Narrative Essay writing criteria). This practice also may be helpful in future writing projects.

User Account

All Pages

Determine the periodic deposit

Reference no: EM13844438

Reference no: EM13844438

Questions Cloud

Reviews

Write a Review

Mathematics Questions & Answers

Find a polar equation to describe curve

What is the measure of the angle formed by the guy

Important information about mathematics - probability

Estimate the maximum possible error

Find the angle of the take-off relative to the horizontal

What is the density of the iron

Can the researcher’s claim that their drug

Maximal interval of dynamical system

Calculating the height of the statueat a point 250 feet

Jane is making a suit wich requires 2 58yards for the

Compute the expectations of x and y

Find the perimeter of the triangle lying in xyz-space

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT