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

Assumptions and application of t distribution, Assumptions and Application ...

Assumptions and Application of T Distribution Assumptions of t distribution 1. The sample observations are random 2. Samples are drawn from general distribution 3.

What is the probability in which the marble chosen is blue, A bag holds 3 r...

A bag holds 3 red, 6 blue, 5 purple, and 2 orange marbles. One marble is selected at random. What is the probability in which the marble chosen is blue? The probability of blue

Tangent, A tangent to a curve at a point is a straight line which tou...

A tangent to a curve at a point is a straight line which touches but does not intersect the curve at that point. A slope of the curve at a point is defined as the

Find out the roots of the subsequent pure quadratic equation, Find out the ...

Find out the roots of the subsequent pure quadratic equation: Find out the roots of the subsequent pure quadratic equation. 4x 2 - 100 = 0 Solution: Using Equation

Explain adding negative fraction, Explain Adding Negative Fraction? To...

Explain Adding Negative Fraction? To add negative fractions: 1. Find a common denominator. 2. Change the fractions to their equivalents, so that they have common denominators

Transpose of a matrix, I didn't understand the concept of Transpose of a Ma...

I didn't understand the concept of Transpose of a Matrix, need assistance.

Product moment coefficient, Product Moment Coefficient This gives an i...

Product Moment Coefficient This gives an indication of the strength of the linear relationship among two variables. Note that this formula can be rearranged to have di

Example of set representation, Can anybody suggest me any example of Set Re...

Can anybody suggest me any example of Set Representation?

Abels theorem, If y 1 (t) and y 2 (t) are two solutions to y′′ + p (t ) ...

If y 1 (t) and y 2 (t) are two solutions to y′′ + p (t ) y′ + q (t ) y = 0 So the Wronskian of the two solutions is, W(y 1 ,y 2 )(t) = =

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