calculate annual interest rate, Mathematics

Assignment Help:

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.

 


Related Discussions:- calculate annual interest rate

Fermat''s theorem, Fermat's Theorem : If  f ( x ) contain a relative extre...

Fermat's Theorem : If  f ( x ) contain a relative extrema at x = c & f ′ (c ) exists then x = c is a critical point of f ( x ) . Actually, it will be a critical point such that f

Example of pythagorean theorem, Any 15 foot ladder is resting against the w...

Any 15 foot ladder is resting against the wall. The bottom is at first 10 feet away from the wall & is being pushed in the direction of the wall at a rate of 1 ft/sec. How rapid is

Inverse functions, We have seen that if y is a function of x, then fo...

We have seen that if y is a function of x, then for each given value of x, we can determine uniquely the value of y as per the functional relationship. For some f

What is the volume of this prism in terms of x, The area of the base of a p...

The area of the base of a prism can be expressed as x2 + 4x + 1 and the height of the prism can be expressed as x - 3. What is the volume of this prism in terms of x? Because t

Find regular grammar for given regular expression, find regular grammar for...

find regular grammar for the following regular expression: a(a+b)*(ab* +ba*)b

What is median number of tries it took these participante, The operator of ...

The operator of an amusement park game remain track of how many tries it took participants to win the game. The subsequent is the data from the ?rst ten people: 2, 6, 3, 4, 6, 2, 8

#tnumarancyitle.., what is classification and how can you teach it?

what is classification and how can you teach it?

Conscious consumer, a group of 3o students is planning a thanksgiving party...

a group of 3o students is planning a thanksgiving party items needed hats @ $2.50 each.noise makers@$4.00 per pack of 5.Ballons @$5.00 per pack of 10.how many packs of noisemakers

Write Your Message!

Captcha
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