How much do you have to deposit each year make sure

Assignment Help Business Economics

Reference no: EM13149073

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 for 4 years is 8,000 dollars. 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 how much do you have to deposit each year make sure that 8,000 can be withdrawn for the 4 years?

Reference no: EM13149073

Questions Cloud

Complete hypotheses testing using p value approach : Psychological test. For the sample data, n = 50,mean = 17.3 and S.D = 5.4.USE level of significance = .05. Complete hypotheses testing using P value approach.

Determining role the objective setting process : Describe the role the objective setting process plays in how and if auditing objectives are met. What are some steps you might take to ensure you consistently meet audit objectives?

Is the same true for fiscal expansion : Monetary expansion causes the current account balance to increase in the short run. Discuss this statement. Is the same true for fiscal expansion?

Atoms contain protons : Atoms contain protons. 2)Nuclei move out of the paths of the alpha particles. 3)Neutrons have zero charge.

How much do you have to deposit each year make sure : 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 how much do you have to deposit each year make sure that 8,000 can be withdrawn for the 4 years?

Essential of allowance method of accounting : What are the essential of the allowance method of accounting for bad debts?

What is the difference between human and cow milk : What is the difference between human and cow milk? Which one has more protein, lipid, or lactose? Which one is better for humans?

Then what would be the payment : There is a loan for 5,00 dollars with interest of 8 % annually. There is another way to repay the 5,000 dollar by making 4 annual payments of 1,000. Then what would the 5th payment be?

Find confidence intervals for the coefficients : Explain briefly how each of the variables affects the value of an MLB franchise (i.e., use the variable definitions above to interpret, in words, the coefficient estimates with regard to each variable).

User Account

All Pages