Victor needs new high voltage generator

Assignment Help Business Economics

Reference no: EM131109858

Victor needs a new high voltage generator for his research. He would like to have the money saved for it by the end of 7 years. He estimates it will cost $13499. If the bank pays a nominal annual rate of 6% compounded monthly, how much should Victor deposit each month to achieve his goal?

Reference no: EM131109858

Questions Cloud

Write a program that creates a random object : Write a program that creates a Random object with seed 1000 and displays the first 50 random integers between 0 and 100 using the nextInt(100) method.

What is the federal funds target rate under : According to the Taylor rule, what is the federal funds target rate under the following conditions?

The equilibrium real federal funds rate : Suppose that the equilibrium real federal funds rate is at 4% and the target rate of inflation is 1 percent. Use the following information and the Taylor rule to calculate the federal funds rate target:

Describe some of the responsibilities of each of the jobs : Using the Internet as a research tool, include in your answer the typical salaries and the type of education or training needed for each job.

Victor needs new high voltage generator : Victor needs a new high voltage generator for his research. He would like to have the money saved for it by the end of 7 years. He estimates it will cost $13499. If the bank pays a nominal annual rate of 6% compounded monthly, how much should Victor ..

How these actions affected organization and public policy : A description of the actions leaders within the EPA might have taken to manage guerrilla government and an explanation of how those actions might have changed the outcome of the situation

How much total interest will you pay over life of the loan : If your monthly loan payment is $1057 and your nominal annual mortgage rate is 6% for 40 years, compounded monthly, how much total interest will you pay over the life of the loan?

Does lisa have a defense : Danny brings a suit to evict Lisa from the land. Does Lisa have a defense? Assume that the state in question has an adverse possession period of ten years

The air pressure inside the teadbox of a paper machine : The air pressure inside the teadbox of a paper machine is adjusted using a dual valve system (see schematic below). The control valve at the inlet is used to regulate the flow of air entering the headbox whereas the manual valve at the outlet acts as..

User Account

All Pages