A problem is listed below. Identify its type. Ted owns a small florist shop. Since his business is booming, his realizes he will soon need one more delivery van. He decides he will purchase a full size van versus a minivan, which he currently owns. The van he is looking to buy in 2 years will cost him $33,000. How much should he invest each quarter into an account that pays 4% per year compounded quarterly, so that he can have the desired funds in 4 years?

Quarterly deposit=  $1,912.17

Explanation:

Giving the following information:

The van he is looking to buy in costs $33,000.

Interest rae= 4% per year compounded quarterly

Number of years= 4 years

First, we need to calculate the real interest rate:

Interest rate= 0.04/4= 0.01 per quarter

Now, to calculate the quarterly deposit, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= quarterly deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (33,000*0.01) / [(1.01^16)-1]

A= $1,912.17

d. low interest rates

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.