Help with word problem, Mathematics

Assignment Help:
You would like to have $4000 in four years for a special vacation following graduation by making deposits at the end of every 6 months in an annuity that pays 7% compounded semiannually.
A. How much should you deposit at the end of every six months?


B. How much of the $4000 comes from deposits and how much comes from interest?

Related Discussions:- Help with word problem

Algebra, how to solve algebra

how to solve algebra

X and y -intercept, X-intercept  If an intercept crosses the x-axis we ...

X-intercept  If an intercept crosses the x-axis we will call it as x-intercept .  Y-intercept Similar, if an intercept crosses the y-axis we will call it as a y-inter

Determine the second derivative of q (t ) = sec (5t ), Determine the secon...

Determine the second derivative for following functions.                             Q (t ) = sec (5t ) Solution : Following is the first derivative.              Q′ (t

Application of statistics-forecasting, Forecasting Statistics is very ...

Forecasting Statistics is very significant for business managers while predicting the future of a business for illustration if a given business situation includes a independen

G .E matrix, using the g.e matrix, how can you turn an unattractive product...

using the g.e matrix, how can you turn an unattractive product to be attractive

Project, report on shares and dovidend using newspaper

report on shares and dovidend using newspaper

Profits and loss, what does 1000/q in the ATC equation represent economical...

what does 1000/q in the ATC equation represent economically?

Set builder notation, A={2,3,5,7,11} B={1,3,5,7,9} C={10,20,30,40,......100...

A={2,3,5,7,11} B={1,3,5,7,9} C={10,20,30,40,......100} D={8,16,24,32,40} E={W,O,R,K} F={Red,Blue,Green} G={March,May} H={Jose,John,Joshua,Javier} I={3,6,9,12,15}

Linear Equations of Parallel Lines, A line has the equation 2y=-3x+1. Find...

A line has the equation 2y=-3x+1. Find an equation of a line parallel to this line that has a y-intercept of -2.

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