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1. What is the present value of a security that will pay $15,000 in 15 years if securities of equal risk pay 8.9% annually? Round your answer to the nearest cent.
475,858.20
2. Your parents will retire in 15 years. They currently have $270,000, and they think they will need $1 million at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places.
3. If you deposit money today in an account that pays 7.7% annual interest, how long will it take to double your money? Round your answer to the nearest whole.
you are driving on a freeway to a tour that is 500 kilometers from your home. after 30 minutes , you pass a freeway exit that you know is 50 kilometer from your home. assuming that
There are only Chinese and Malay pupils in a hall.The ratio of the number of boys to the number of girls is 2:3.The ratio of the number of Chinese boys to the number of Malay boys
parts of matrix and functions
On a picnic outing, 2 two-person teams are playing hide-and-seek. There are four hiding locations (A, B, C, and D), and the two members of the hiding team can hide separately in a
When three quantities a, b and c are in G.P., then the geometric mean "b" is calculated as follows. Since these quantities are in G.P., the r
a local pizza store offers medium two-topping pizzas delivered for $6.00 per pizza plus a $1.50 delivery charge per order. on weekends, the store runs a game day special: if six or
what are multiples?
1+1=
Integration We have, so far, seen that differential calculus measures the rate of change of functions. Differentiation is the process of finding the derivative
The square of a number added to 25 equals 10 times the number. What is the number? Let x = the number. The statement, "The square of a number added to 25 equals 10 times the n
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