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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.
how to calculate double summations
Two reservoirs of equal cross sectional areas (315 m 2 ) and at equal elevations are connected by a pipe of length 20 m and cross sectional area 3 m 2 . The reservoir on the left (
Spherical Coordinates - Three Dimensional Space In this part we will introduce spherical coordinates. Spherical coordinates which can take a little getting employed to. It's
how do you work out algebra
4/(x+7)(x+4)
A firm buys a product using the price schedule given in the table: The company estimate holding costs at 10% of the purchase price per year and ordering costs at $40 per order .
Characteristics of Time Series Time series has the given characteristics. a) A long term trend (T) -tendency of the whole series to fall and rise. b) Seasonal variati
If i worked 7 1/3 hours and planted 11 trees how many hours did it take to plant each tree?
Formulas
A 4-inch by 6-inch photograph is going to be enlarged through increasing each side by the similar amount. The new area is 168 square inches. How many inches is each dimension incre
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