Question regarding the interest compounded quarterly

Assignment Help Basic Computer Science
Reference no: EM131093022

Don wants to have at least $280,000 saved up for son's college. If the investment is $90,000 in a savings account with 6% interest compounded quarterly, will they reach the goal in 18 years? Please show how.

Reference no: EM131093022

Questions Cloud

Should the company purchase or lease the car : Use an interest rate of 10% per year and annual worth analysis.
Evaluate the expression for the given replacement values : 15. Write the phrase "135 less a number" as a variable expression. Use x to represent "a number."
Assume that neither treasury note had coupon payments : Suppose the yield to maturity on a 2-year Treasury note was 4 % while the yield on a 1 year note was 5%. Assume that neither Treasury note had coupon payments, so the only payment was the face value received when the note matured. Why is it unusual f..
Identify pros and cons of prevention programs you located : Using the Journal, discuss the programs you found and what your thoughts are on the specific program(s). Why do you think so much attention is focused on keeping children home, despite the allegations of child abuse and/or neglect? Identify the pr..
Question regarding the interest compounded quarterly : Don wants to have at least $280,000 saved up for son's college. If the investment is $90,000 in a savings account with 6% interest compounded quarterly, will they reach the goal in 18 years? Please show how.
Cost-minimization analysis : Switching from one anesthesia drug to another reduces costs by $100 per patient. What additional information do you need to do a cost-minimization analysis?
What would be the total cost of reducing pollution : Firm A currently dumps 247 tons of chemicals into the local river. Firm B currently dumps 246 tons of chemicals into the local river. The government has decided to reduce the pollution and from now on will require a pollution permit for each ton of p..
Is it profitable to treat members of the union : Your dental clinic provides $3,000 exams for private pay patients and 1,000 exams for members of a union. Your fixed costs are $50,000 and your incremental cost is $40. Private pay patients have a price elasticity of demand of -3. What do you charge ..
Drip system-new type of infusion pump reduces : Compared with a drip system, a new type of infusion pump reduces the cost of administering chemotherapy from $25 per dose to $20 per dose. The complication rate of each system is 2 percent. Which should you choose? What sort of analysis should you do..

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Design a nine-step counter to count

Design a nine-step counter to count in the following sequence using D flip-flops (TTL 7474): 0011, 0101, 1001, 1000, 1011, 1010, 0110, 0100, 0111, 0011, include in the design a means for resetting the counter to 0011.

  Application of operator

Looking ahead in an STL iterator requires an application of operator++, which in turn advances the iterator. In some cases looking at the next item in the list, without advancing to it, may be preferable.

  Identify the java-based technologies utilized

Five hundred words discussion paper. Identify the Java-based technologies utilized in this project and analyze each of them. Then, provide discussion on the purpose of each of the Java-based technologies utilized.

  How many days they worked and the total pay

Must have a input box to ask the user how many days they worked and the total pay must be in the form of currency.

  How repeated measurement enhanced accuracy

Assume that hypothesis to be tested was that girls are taller than boys. This time boy and the girl were each measured 30 times with ruler which read to 1,400 of an inch.

  Highly competitive business environment

In this highly competitive business environment, businesses are constantly seeking ways to gain traction and understand what is on the minds of current customers and potential customers in order to increase business efficiency. Many companies have..

  Three-tiered architecture

Submit a report for the CIO about three-tiered architecture. The organization has continued to grow, and the architecture of the existing database needs to be changed to increase performance, scalability, and reliability. Your CIO has asked you to..

  Conduct research on the types of computer networks

Conduct research on the types of computer networks

  Implement a method

A supermarket wants to reward its best customer of each day, showing the customer's name on a screen in the supermarket. For that purpose, the customer's purchase amount is stored in an ArrayList and the customer's name is stored in a corresponding A..

  Decision structures and conditionals

Discuss routine decisions you make throughout your day. How might you implement them using C# decision structures and conditionals?

  Estimate benefit of a revenue-generating system

Is management able to estimate the benefit of a revenue-generating system or must the system be built on faith? Why?

  Describe why suggestion of connecting by twisted pair cable

Describe why you would suggest connecting all current and new client computers using twisted pair cable instead of staying with the current coax wiring structure.

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