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

What is minimum spanning tree, What is minimum spanning tree?  Determine a ...

What is minimum spanning tree?  Determine a railway network of minimal cost for the cities in the following graph using Kruskal's algorithm. Ans: Minimum spanning tree in a con

Calculate plurality voting and borda count, Consider the following set of p...

Consider the following set of preference lists:                                                      Number of Voters (7)                 Rank            1          1

Find the area of the shaded region of square, In the adjoining figure, ABCD...

In the adjoining figure, ABCD is a square of side 6cm.  Find the area of the shaded region. Ans:    From P draw PQ ⊥ AB AQ = QB = 3cm (Ans: 34.428 sq cm) Join PB

Coin problem, Explain Coin Problem? How to resolve Coin Problem? Explain br...

Explain Coin Problem? How to resolve Coin Problem? Explain brief...

Straight Line, can i known the all equations under this lesson with explana...

can i known the all equations under this lesson with explanations n examples. please..

Iit-jee questions, can u tell me a website for iit-jee questions?

can u tell me a website for iit-jee questions?

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