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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.
A man invests rs.10400 in 6%shares at rs.104 and rs.11440 in 10.4% shares at rs.143.How much income would he get in all??
How do I reverse calculate taxes?
A circle touches the side BC of a triangle ABC at P and touches AB and AC when produced at Q and R. Show that AQ= 1/2 (perimeter of triangle ABC) Ans: Since the length o
Kyra receives a 5% commission on every car she sells. She received a $1,325 commission on the last car she sold. What was the cost of the car? Use the proportion part/whole =
how to remove wild points in a data set...
Find out the volume of the solid obtained by rotating the region bounded by x = (y - 2) 2 and y = x around the line y = -1. Solution : We have to first get the intersection
In a frequency distribution mode is 7.88, mean is 8.32 find the median. (Ans: 8.17) Ans: Mode = 3 median - 2 mean 7.88 = 3 median - 2 x 8.32 7.88 +16.64 = 3 median
What percent of the figure below is shaded? Break the rectangle into eighths as shown below. The shaded part is 6/8 or 3/4 ; 3/4 is 75%.
A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i
find the newton raphson iterative formula for a reciprocal of a number N and hence find the value of 1/23
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