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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.
$25/month; 6%(12); 3 years
What is the ratio of the areas of sectors I and II ? (Ans:4:5) Ans: Ratio will be 120/360 Π r 2 : 150/360 Π r 2 4/12 : 5/12 =
find the unit rate. Round to the nearest hundredth in necessary 325 meters in 28 seconds
You recently started the paperwork to purchase your new home, and you were just notified that you can move into the house in two weeks. You decide to hire a moving company, but are
3 items x, y and z will have 6 different permutations however only one combination. The given formular is generally used to determine the number of combinations in a described situ
It is totally possible that a or b could be zero and thus in 16 i the real part is zero. While the real part is zero we frequently will call the complex numbers a purely imaginar
The sum of the digit number is 7. If the digits are reversed , the number formed is less than the original number. find the number
How to solve Frobenius Coin Problem?
Show that the points (3, 0), (4, 5), (-1, 4) and (-2, -1) taken in order are the vertices of a rhombus. Also find the area of the rhombus.
Determination of the Regression Equation The determination of the regression equation such given above is generally done by using a technique termed as "the method of least sq
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