John brought a stamp for his collection. He agreed to pay a lump sum of $4000 after 5 years. Until then, he pays 6% simple interest semiannually on the $4000.
a) Find the amount of each semiannual interest payment.
b) John sets up a sinking fund so that enought money will be present to pay off...
ordinary annuities: those with payments made at the end of each time period.
annuities due: annuities in which payments are made at the beginning of each time period.
A father opened a savings account for his daughter on the day she was born, depositing $1000. Each year on her birthday he deposits another $1000, making the last deposit on her twenty-first birthday. If the account pays 9.5% interest compounded annually, how much is in the account at the end of...
Your firm offers to deliver 300 tables to a dealer, at $90 per table, and to reduce the price per table on the entire order by 25cent for each additional table over 300.
Find the dollar total involved in the largest possible transaction between the manufacturer and the dealer; then find the...
for d)estimate the rate of change in weight of an Arctic fox that is 200 days old.
do u just find the deriviative of M(t)=3102e^(-e)^(-0.022(t-56))
and then sub in 200 after?