The parents of a young child decide to make equal annual

Assignment Help Econometrics

Reference no: EM13379094

The parents of a young child decide to make equal annual payments into a savingsaccount, with the first payment being made on the child's fifth birthday and the last payment being made on the fifteenth birthday. Then a rotal of four withdrawals of &10000 each will be made on the child's 18th .19th,20th, birthdays. If the effective annual interest rate is 10% during this period of time, compute the annual payment of the savings account.

Reference no: EM13379094

Questions Cloud

According to exhibitor relations co in 2006 average movie : according to exhibitor relations co. in 2006 average movie ticket prices were 6.55 and attendance was 1.4 billion in

What extra semiannual expenditure for five years would be : what extra semiannual expenditure for five years would be justified for the maintenance of a machine in order to avoid

Determine the present equivalent value of 400 paid every : determine the present equivalent value of 400 paid every three months over a period of seven years in each of the

Wise company had the following transactions1 issued 5000 : wise company had the following transactions......1. issued 5000 shares of common stock with a stated value of 10 for

The parents of a young child decide to make equal annual : the parents of a young child decide to make equal annual payments into a savingsaccount with the first payment being

You are a manager at a cpa firm and you have been asked to : you are a manager at a cpa firm and you have been asked to write an article on audit planning for the firms monthly

1 the income tax system in a country requires each citizen : 1. the income tax system in a country requires each citizen to pay 10 of income on earnings up to 40000 and then pay 20

The wheel deal inc a company that produces scooters and : the wheel deal inc. a company that produces scooters and other wheeled non-motorized recreational equipment is

Warner company started business on january 1 2011 the : warner company started business on january 1 2011. the following transactions and events occurred in 2011 and 2012. for

User Account

All Pages