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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 you find the difference between different line plots
Millie purchased six bottles of soda at $1.15 each. How much did she pay? To ?nd out the total cost of six bottles, you must multiply the cost per bottle through 6; $1.15 × 6 =
Multistage sampling Multistage sampling is similar to stratified sampling except division is done on geographical/location basis, for illustration a country can be divided into
Find out the general formula for the tangent vector and unit tangent vector to the curve specified by r → (t) = t 2 i → + 2 sin t j → + 2 cos t k → . Solution First,
In these problems we will begin with a substance which is dissolved in a liquid. Liquid will be entering as well as leaving a holding tank. The liquid entering the tank may or may
20! 18!
If p,q,r are roots of x^3-3x^2+4x-7=0 (p+2)(q+2)(r+2)=
About Zeros in the Denominator of Rational Expressions One thing that you must be careful about when working with rational expressions is that the denominator can never be zero
table of 12
How could 2+2 will be Equal to 5
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