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a. The future value of a $2,000 annuity for 30 yrs at 8% compound annually.
b. The future value of a $2,000 annuity for 30 years at 8% compound semiannually.
c. The future value of a $2,000 annuity for 30 years at 8% compound quarterly.
d. How much extra interest is earned onthe annuity above simply by chnaging the compounding period from annually to quarterly?
e. How much extra interest would be earned by changing from annual compounding to daily compounding?
f. Louisa set up an individual retirment account (IRA account) on her 35th birthday. She contributed $2,000 to the account on each subsequent birthday through her 65th. The account earned 8% compounded annually. What amount of interest (in dollars) wil she have earned on this investment?
g. Suppose she had startd an IRA account 10 yrs earlier whe she was 25 years old. How much would additional inte33rret wold she have earned on this investment by age 65? (Hint: Her first payment into the account was on which birthday?)
Find a formula for (1/(1*2) + 1/(2*3) + ..... + 1/ (n*(n+1) ) by examining the values of this expression for small values of n. Prove the formula you found by induction
Cystal drove 110 miles at y miles per hour. She then increased her speed by 3 miles per hour and drove an additional 150 miles. Using the equation D=RT,
Simplifying the equation
Find maximum revenue.
Problem on age
in everglades national park in florida there are 200 species of birds that migrate. this accounts for 47 of all the
Oceans cover approximately 71% of the total surface area of Earth. How many square miles of Earth's surface are covered by oceans?
What lump sum should be invested today
justin is using 120 inches of wire to build two structures 1 one rectangle that is five times as long as it is wide and
Apply the order of operations to evaluate the expressions.
Compute the age of the older friend.
The demand for a certain product is given by p = 28 - 0.01x,where x is the number of units sold per month and p is the price, in dollars, at which each item is sold. The monthly revenue is given by R = xp.
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