How much must be invested at annual interest

Assignment Help Mathematics
Reference no: EM131623409

Question: 1. Jamie Juarez needs $12,000 in 10 years for her daughter's college education. How much must be invested today at 2% annual interest compounded semiannually to have the needed funds?

2. If you were offered $600 today or $680 in one year, which would you accept if money can be invested at 2% annual interest compounded semiannually?

Reference no: EM131623409

Questions Cloud

What are the three approaches to setting prices : What are the three approaches to setting prices? what could be the appropriate pricing strategy for the anticipated revolutionary product that would mark Nyassa
Is graffiti art or vandalism : Is graffiti art or vandalism? The city of Covina is preparing to write a position statement on whether graffiti is an art form, or whether it is vandalism.
Discuss the marketing mix at nyassa : (1) Suggest value creation strategies to be adopted by Nyassa for gaining market leadership in selected product categories
How could potential victims protect themselves again : How could potential victims protect themselves again such an offense?
How much must be invested at annual interest : Jamie Juarez needs $12,000 in 10 years for her daughter's college education. How much must be invested today at 2% annual interest compounded semiannually.
How the writers use of these elements achieves effects : Language: imagery, research inclusion, and word choice: how the writer's use of these elements achieves effects in the composition.
Implement the personal change : What strategies might you use to implement the personal change needed to support organizational change?
What is the relationship between alcohol and breast cancer : Is the use of soap and water or alcohol-based rubs more effective in preventing nosocomial infections?What is the relationship between alcohol & breast cancer?
Measure of performance for purpose : Three months into the launch of the new model, the department decides to assess the short-term effects of its marketing activities.

Reviews

Write a Review

Mathematics Questions & Answers

  Determine the complete factorization

Let ρ be the permutation on S9 given by ρ = (1 2)(3 4 5 6)(2 6)(5 1 2). Determine the complete factorization of ρ and hence find sgn(ρ).

  Find the number of elements in the union

Given the number of elements in the intersection of three sets, the number of elements in each pairwise intersection of these sets, and the number of elements.

  What is the probability that the pair can be arranged

A set of digits consists of one 1, two 9's, and one 7. A pair of these digits is randomly selected without replacement. What is the probability that the pair can be arranged to form a two-digit prime number?

  Find the area of the regualr pentagon

a regular pentagon with perimeter 75m , find the area of the regualr pentagon.

  Find the value of c of the cumulative distribution function

Decide if the function graphed is a probability density function (pdf) or a cumulative distribution function (cdf). Give reasons. Find the value of c.

  What is the maximum number of chairs

A furniture factory needs 31.5 ft of fabric to upholster one chair. Its Dutch supplier sends the fabric in bolts of exactly 200. m2. What is the maximum number of chairs that can be upholstered by 3 bolts of fabric (1 m = 3.281 ft)?

  Find the quotient be sure to use the long division method

Find the quotient. Be sure to use the long division method, do not use the factoring method. Show Work. (the 3 is up and to the right of the x) x3 + 512 ___________ = x + 8

  Solve problem of the vincent ores

Vincent Ores is paid a salary of $400 plus 8% of sales. Calculate his gross income if his sales total $9,890 in the current pay period.

  Block halfway down the slope

1. Neglecting friction, what is the speed of the block at the bottom of the slope if it is released from rest at the top of the slope? 2. What is the magnitude of the net force on the block halfway down the slope?

  Show that either a or b must be odd and the other even

Show that either a or b must be odd, and the other even.- Show in this case (assuming a is odd and b even) that there are integers m, n so that a = m2 - n2, b = 2mn, and c = m2 + n2.

  Completely divisible by a whole number

It is being given that (232+ 1) is completely divisible by a whole number. Which of the following numbers is completely divisible by this number?

  Find the number of bit strings of length five

Make a list of all bit strings of lengths zero, one, two, three, and four that do not contain the bit pattern 111.

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