subject
Business, 17.02.2020 19:35 osiharprasad4061

Suppose that beginning on your 25thbirthday, you put $1,000 into a savings account, and you make a new $1000 deposit every 3 months, up toand including your 45thbirthday. The savings account pays 6% annual interest, compounded quarterly.

a. How much money will be in the account on your 45th birthday?

b. How much will your first $1000 deposit end up contributing to the amount in your bank account, on your 45th birthday?

c. The total account value in part (a) is really the result of computing a long sum (even though you used a formula as a shortcut, the formula was developed and explained in the text as a shortcut for a specific long sum of terms). Write out the first two terms (corresponding to your 25th birthday, and 3 months after your 25th birthday) and last two terms of that sum (corresponding to 3 months before your 45th birthday, and the day of your 45th birthday). How many terms are in the sum?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 21:00
In order to minimize project risk which step comes after the step of identifying risks
Answers: 1
question
Business, 21.06.2019 21:00
Add the mips assembly language instructions (after main: ) to complete the following (in this order). do not skip steps. use other registers as needed. actions: 1. initialize the register $s0 to 35 2. prompt the user to enter a number, read the number and then put it into register $s1 3. prompt the user to enter a number, read the number and then put it into register $s2 4. store the value in $s1 into the memory at address 0x10010000. 5. store the value in $s2 into the memory at address 0x10010004. 6. calculate the value of $s0 - $s1 $s2 and store the result in the memory at address 0x10010008. 7. print the following output each on its own line. you will need to determine the location of each of the strings from the beginning of the memory segment a. your name b. the value in address 0x10010000 c. the value in address 0x10010004 d. the value in address 0x10010008 8. exchange or swap the values in $s1 and $s2 9. set the value in $s0 to -$s0
Answers: 2
question
Business, 22.06.2019 10:30
Zapper has beginning equity of $257,000, net income of $51,000, dividends of $40,000 and investments by stockholders of $6,000. its ending equity is
Answers: 2
question
Business, 22.06.2019 17:00
Dan wants to start a supermarket in his hometown, and wants to get into the business only after finding out about the market and how successful his business might be. the best way for dan to gain knowledge is to:
Answers: 2
You know the right answer?
Suppose that beginning on your 25thbirthday, you put $1,000 into a savings account, and you make a n...
Questions
question
Mathematics, 22.04.2020 20:25
question
Mathematics, 22.04.2020 20:25
Questions on the website: 13722359