Compute the answer to the nearest dollar

Assignment Help Mathematics
Reference no: EM13177631

a couple just had a baby.how much should they invest now at 5.5% compounded daily in order to have $40,000 for the child's education 17 years from now? compute the answer to the nearest dollar.

Reference no: EM13177631

Questions Cloud

How many of each type should be hired to minimize total hour : If the wages per hour are $10, $15, and $18 for low, medium, and high skilled, respectively, how many of each type should be hired to minimize total hourly wages?
Find the sample standard deviation : Four marbles are chosen without replacement from a box containing 11 red, 9 blue, and 4 yellow marbles. Let X be the number of blue marbles chosen.
Compute the percentage increase in real gdp per person : Use the data on U.S. real GDP below to compute real GDP per person for each year. Then use these numbers to compute the percentage increase in real GDP per person from 1987 to 2005. Year REAL GDP (2000 prices) population 1987 $6,435,000 million..
What is the rejection region : A business journal investigation of the performance and timing of corporate acquisitions discovered that in a random sample of 2,963 firms, 610 announced one or more acquisitions during the year 2000.
Compute the answer to the nearest dollar : a couple just had a baby.how much should they invest now at 5.5% compounded daily in order to have $40,000 for the child's education 17 years from now? compute the answer to the nearest dollar.
Find highest profit or lowest loss availability to this firm : What is the highest profit or lowest loss availability to this firm? c. Should this firm operate or shut down in the short run? Why? d. What is the relationship between marginal revenue and marginal cost as the firm increases output?
Explain backward-bending supply curves in the wage : Market supply of labor The following table shows the hours per week supplied to a particular market by three individuals at various wage rates. Calculate the total hours per week (QT) supplied to the market.Hourly Wage Hours per week
When to expect such a shift away from checkable deposits : During the Great Depression, the US economy experienced many bank runs, to the point where people became unwilling to keep their money in banks, preferring to hold on to their cash.
What is the equilibrium interest rate : What is the equilibrium interest rate? d. What happens to the interest rate if the money supply increases from 20 to 30? Illustrate your answer graphically. What happens to the interest rate if nominal income increases by 10%?

Reviews

Write a Review

Mathematics Questions & Answers

  Test hypothesis for variance

Test hypothesis for variance.

  What is the magnitude of the accumulated difference

The difference is accumulated every 1/10th of a second for one day. What is the magnitude of the accumulated difference

  The distribution of ant mounds on a farm

he distribution of ant mounds on a farm can be accurately modeled by a Poisson distribution.

  Evaluate the given expression

Evaluate the given expression and Perform the indicated operation - Evaluate -2x 4  - 3x 2  + 5x - 9  for x = 2.

  Solve simultaneous linear equations

Solve the simultaneous linear equations by using the following methods. Algebraic Elimination Method

  Linear functions in real life

What is the formula for the volume of a rectangular solid? Find an object in your residence that has the shape of a rectangular solid. Measure and record the length, width, and height of your object in either centimeters

  Inner product in vector spaces

Find each of the following for the given inner product defined in R^2 =3u(subscript 1)v(subscript 1) + u(subscript 2)v(subscript 2)

  Plant efficiency and capacity

If a plant was designed to produce 7,000 hammers per day but is limited to making 6,000 hammers per day because of time needed to change equipment between styles of hammers, what is the utilization? Format as xx.x% (include the % sign.)

  Challenges of rational expressions

What do you find challenging about working with rational expressions? What strategies have you developed to overcome these challenges?

  House of representatives have the same birthday

Probability - birthday, What is the probability that at least 2 of the 435 members of the House of Representatives have the same birthday

  Perimeter and area of rectangular field

A=(LP)/2-L^2, gives the area of a rectangle of perimeter P and length L. Suppose that you have 600 feet of fencing which you plan to use to fence in a rectangular area of land.

  Find the probability that at least customers pay in cash

What is the probability that at least 50 customers pay in cash? What is the probability that no more than 15 customers pay in cash? What is the probability that more than 20 and less than 40 customers pay in cash?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd