How much do you have to deposit each year make
Course:- Business Economics
Reference No.:- EM13149088

Assignment Help >> Business Economics

To provide an education for someone. They open an account in which equal payments are made from the first payment Jan 1995 to Jan 2012. The cost of the tuiton is 8,000 dollars per year. Assume the interest rate is 5.75 %. how much do you have to deposit each year make sure that 8,000 can be withdrawn for the 4 years?

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
When companies expand into the international arena, they do so either because their home market has matured or because they see real opportunities in the foreign market. Discu
Governor Brown, from the state of Taxifornia, wants to increase sales taxes to bring in badly needed revenue to support state operations. He is looking at taxing various goods
HomeGrown is a small restaurant that specializes in serving local fruits, vegetables and meats. The company has chosen to enter into a long-term relationship with Family Farms
A firm faces the following inverse demand equation for the commodity it produces: P = 100 – Q where P represents the price/unit of the commodity it produces and Q represents t
While waiting for their buses to leave, they decide to browse your school bookstore and buy some items that catch their eye. How would this affect the store’s inventories?
Suppose that, at the last minute, the company decides to purchase the same machinery at the same rate (8 percent), with payments decreasing by $7,500 each year. How much is
Compute private saving, public saving, and national saving. Find the equilibrium real interest rate. Suppose that government expenditures fall by 500: compute the new equilibr
Trang has strictly convex indifference curves and is indifferent between the bundles (16, 2) and (2, 4). Use the definition of strict convexity to show that Trang prefers (9,