Help please You would like to have $4000 in 5 years for a special - 4ChanArchives : a 4Chan Archive of /wsr/

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Help please You would like to have $4000 in 5 years for a special

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Anonymous
2016-03-24 02:48:14 Post No. 85986
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Anonymous 2016-03-24 02:48:14 Post No. 85986 [Report]

Help please

You would like to have $4000 in 5 years for a special vacation following graduation by making deposits at the end of every 6 months in an annuity that pays 5% 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?

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Anonymous 2016-03-24 03:02:22 Post No.86000
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Anonymous 2016-03-24 03:02:22 Post No.86000 [Report]

god someone help me

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Anonymous 2016-03-24 05:15:31 Post No.86073
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Anonymous 2016-03-24 05:15:31 Post No.86073 [Report]

>>85986
A. 357.04

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Anonymous 2016-03-24 05:18:47 Post No.86074
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Anonymous 2016-03-24 05:18:47 Post No.86074 [Report]

>>86073
Same anon, B. Deposits: 3570.35 intrest: 429.65

Thread replies: 4
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