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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.
I am less than 100 the sum of my digits is 4 half of me is an odd number
Maria has a slice of pizza that is1/6 the pizza. Ben has a slice of pizza that is 1/3 of the pizza . Maria''s slice is bigger .draw pizzas to show how this possible .
While we first looked at mechanical vibrations we looked at a particular mass hanging on a spring with the possibility of both a damper or/and external force acting upon the mass.
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64% of the students within the school play are boys. If there are 75 students in the play, how many are boys? To ?nd out 64% of 75, multiply 75 by the decimal equivalent of 64%
Proof of Root Test Firstly note that we can suppose without loss of generality that the series will initiate at n = 1 as we've done for all our series test proofs. As well n
An experiment designed to test the potency of a drug on 20 rats. Last animal studies have shown that a 10 mg dose of the drug is lethal 5% of the time within the first 4 hours; of
1. Answer the questions about the graph below. a. Name one cycle that begins and ends at B. b. True/False - the graph is strongly connected. If not, explain why not.
Distance Traveled by Car - word problem: It takes a man 4 hours to reach a destination 1325 miles from his home. He drives to the airport at an average speed of 50 miles per h
Eliminate the parameter from the subsequent set of parametric equations. X = t 2 + t Y = 2t - 1 Solution: One of the very easy ways to eliminate the parameter is to
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