How much must set aside today at given compounded monthly

Assignment Help Mathematics
Reference no: EM131623360

Question: 1. Mary Kaye Keller needs $30,000 in seven years. How much must she set aside today at 4.8% compounded monthly?

2. How much should a family invest now at 2(3/4) compounded annually to have a $7,000 house down payment in four years?

Reference no: EM131623360

Questions Cloud

Conduct an external environment analysis : Critically evaluate key issues that strategic analysis plays in a business or organisation that you are familiar - Conduct an external environment analysis
How does the author describe victim of violence as invisible : Why/how does the author describe victims of violence as "invisible"? Are minority women even more invisible according to the author than white women? How/why?
How much of the inheritance should she invest : Bridgett Smith inherited some money and needs $45,000 in 15 years for her child's college fund. How much of the inheritance should she invest now at 2.8%.
How many bolts are there on the brooklyn bridge : How many bolts are there on the brooklyn bridge? and how many licks does it take to get to the center of a self licking ice cream cone made of asbestos?
How much must set aside today at given compounded monthly : Mary Kaye Keller needs $30,000 in seven years. How much must she set aside today at 4.8% compounded monthly?
What are some of benefits and concepts of project management : Supply Chain Management Discussion- What are some of the benefits and concepts of project management? How is project management beneficial?
Define bobs discount is under attack : Discuss when and for what purpose each of these motions would be made
Can observational studies be truly free of bias : We now know that it can be difficult to quantify human behaviors and human communication. Can observational studies be truly free of bias? Why or why not?
What are your thoughts about ability to be truly objective : Another example is my husband is police officer and has to take statements from witnesses time. What are your thoughts about our ability to be truly objective?

Reviews

Write a Review

Mathematics Questions & Answers

  Usual operations on the integers

On the right-hand-side of these equations, + and × are the usual operations on the integers, so the modular versions of addition and multiplication inherit many properties from integer addition and multiplication.

  Major elements and articles of the constitution

Locate your state's constitution and examine the major elements and articles of the constitution. Review its contents and functions. Search for information about the branches of government and the funding sources for your state government.

  Calculate the total cost of one years tuition

Using compound interest rate of 6% p.a, calculate the total cost of one years tuition 6 years and 3 months from now, compounding, semi annually.

  Discuss new technological break

Suppose that new technological breakthroughs make solar water heaters extremely cheap to run, compared with water heaters that use fossil fuels.

  Information about applications of linear equations

The director of a summer day camp estimates that 120 children will join if the camp fee is $250, but for each $25 decrease in the fee, five more children will enroll.

  What is the smallest root and the middle root

What is the smallest root is? Enter a numer? What is the middle root is? enter a number? What is the largest root is? enter a number?

  A 30-foot cable is suspended between the tops of two

a 30-foot cable is suspended between the tops of two 20-foot poles on level ground. the lowest point of the cable is 5

  What is the most conservative estimate of the sample size

Assuming that the results of a preliminary survey are not available. What is the most conservative estimate of the sample size that would limit the margin of error to within 0.05 of the population proportion for a 95% confidence interval?

  Great deal on a set of tires

Suppose a tire salesman told you that he would give you a great deal on a set of tires witch could safely run at 4,000 radians per minute. The outer diameter of these tires is 30 inches. Would you buy these tires? Why or why not? (2 part question)

  Consider the market for broadband internet service

Consider the market for broadband Internet service.

  Determining reciprocal function

The Rule of 70 is a mathematical approximation that calculates how long it takes for a value to double. Examples are as varied as finding how long it takes the Gross Domestic Product to double

  What is the largest volume package

A postal service will accept packages only if the length plus girth is no more than 114 inches.  Assuming that the front face of the package is square, what is the largest volume package that the postal service will accept?

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