Help with word problem, Mathematics

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?
Posted Date: 11/3/2012 1:30:10 AM | Location : United States







Related Discussions:- Help with word problem, Assignment Help, Ask Question on Help with word problem, Get Answer, Expert's Help, Help with word problem Discussions

Write discussion on Help with word problem
Your posts are moderated
Related Questions
RS=8y+4 ST=4y+8 RT=15y-9 a.) WHAT IS THE VALUE OF y b.) FIND RS, ST, AND RT

How many types of Integer Operatiions explain? Adding Integers The rules for adding integers are: 1. A positive number plus a positive number equals the sum of the two pos

How may six digit numbers can be made in which the sum of the digits is even? Ans = 9*10*10*10*10*5

Find the slope of the line tangent to the graph of f(x)= 3-2ln(2x^2+4) at the point (4, F(4))

Find the number of square feet of pavement required for the shaded portion of the streets shown in the figure, all the streets being 50 feet wide.

A drug has a decay rate of k = - ¼ ln(¾) / hr. How soon after an initial dose of 1600 mg will the drug reach its minimum therapeutic value of 900 mg in the body?

Determine an actual explicit solution to y′ = t/y; y(2) = -1. Solution : We already identify by the previous illustration that an implicit solution to this IVP is y 2 = t 2 -

How can i get a better understanding of logistics without having a degree on logistics and knowledge of it? Simply, in a very basic form..

what is number of quadratic equation that are unchanged by squaring their roots is There are four such cases x 2   =0 root 0 (x-1) 2 =0  root 1 x(x+1)=0  roots  0 and 1

how to divide an arc in three equal parts