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

5th grade, 6 and 3/8 minus 1 and 3/4

6 and 3/8 minus 1 and 3/4

Compound and simple interest, Your grandparents gave you a gift of R2 000 o...

Your grandparents gave you a gift of R2 000 on your 16th birth day. You want to invest the money in an account over four years. You have an option of investing the R2 000 at 8% per

Chanllenge, apzza driver delivered 27 pizzas in one night he delivered more...

apzza driver delivered 27 pizzas in one night he delivered more then one pizza to only one house . every other hhouse he only delivered pizza to 18 houses . how many pizzas did he

Change of base of logarithms, Change of base: The final topic that we have...

Change of base: The final topic that we have to look at in this section is the change of base formula for logarithms. The change of base formula is,

Algebra, Hi, I don''t know how to solve 2(5x+3)

Hi, I don''t know how to solve 2(5x+3)

Properties of dot product - proof, Properties of Dot Product - proof P...

Properties of Dot Product - proof Proof of: If v → • v → = 0 then v → = 0 → This is a pretty simple proof.  Let us start with v → = (v1 , v2 ,.... , vn) a

Equivalence class and equivalence relation, 1. For a function f : Z → Z, le...

1. For a function f : Z → Z, let R be the relation on Z given by xRy iff f(x) = f(y). (a) Prove that R is an equivalence relation on Z. (b) If for every x ? Z, the equivalenc

Probability., an insurance salesman sells policies to 5 men, all of identic...

an insurance salesman sells policies to 5 men, all of identical age in good health. the probability that a man of this particular age will be alive 30 years hence is 2/3.Find the p

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