How much money will she have in 5 years

Assignment Help Other Subject

Reference no: EM132399870

Answer the Following Question :

1. The City Library has ordered a new computer system costing $158,000. The system will be delivered in 6 months, and the full amount will be due 30 days after delivery. How much should be deposited today into an account paying 7.5% compounded monthly to have $158,000 in 7 months?

2. Mr. and Mrs. Tran are expecting a baby girl in a few days. They want to put away money for her college education now. How much money should they deposit in an account paying 10.2% so they will have $100,000 in 18 years to pay for their daughter's educational expenses?

3. Jon's grandfather was planning to give him $12,000 in 10 years. Jon has convinced his grandfather to pay him $6,000 now, instead. If Jon invests this $6,000 at 7.5% compounded continuously, how much money will he have in 10 years?

4. Lydia's aunt Rose left her $5,000. Lydia spent $1,000 on her wardrobe and deposited the rest in an account that pays 6.9% compounded daily. How much money will she have in 5 years?

5. Jose agrees to pay $2,000 in one year at an interest rate of 12%. The bank subtracts the discount of 12% of $2,000, and gives the rest to Jose. Find the amount of the discount and the proceeds to Jose.

Reference no: EM132399870

Questions Cloud

Financial services legislation and industry codes : Applying principles of professional practice to work in the financial services industry and Develop and maintain in-depth knowledge of products and services

Prepare a flow chart and provide a project time management : Describe what you intend to achieve. What do we expect to see actually done so we do no hold you accountable for things you haven't said you were going to do?

What is the probability of the events : When rolling a pair of dice, what is the probability of the following events? 1) At least one die lands on an even number and the sum of their faces is an odd

Find the average annual inflation rate : Find the average annual inflation rate over this time period. Express your answer the nearest thousandth of a percent.

How much money will she have in 5 years : Lydia's aunt Rose left her $5,000. Lydia spent $1,000 on her wardrobe and deposited the rest in an account that pays 6.9% compounded daily.

Create business collateral : DGD210 - Studio 1-You are a professional freelance designer. You have been approached by a startup company to create business collateral for them.

Determine the hypotheses for this test : Determine the hypotheses for this test.? (The proportion of female executives in the entire company is denoted by? p.)

Determine the? z-test statistic : Test an appropriate hypothesis and state your conclusion. Be sure the appropriate assumptions and conditions are satisfied before you proceed.

Design a phase shift oscillator for an oscillation frequency : Describe the circuit conditions and the methods used in practice to achieve sinusoidal oscillations. Design a phase shift oscillator for oscillation frequency.

User Account

All Pages