Question 1
Determine the periodic deposit. Round up to the nearest dollar. How much of the financial goal comes from deposits and how much comes from interest?
A = 
A = 
P = 
Periodic Deposit: $? at the end of every three months
Rate: 4.25% compounded quarterly
Time: 5 years
Financial Goal: $70,000
◦ $2351; $47,020 from deposits and $22,980 from interest
◦ $3764; $37,640 from deposits and $32,360 from interest
◦ $3496; $69,920 from deposits and $80 from interest
◦ $3160; $63,200 from deposits and $6800 from interest
Question 2
Solve the problem. Round up to the nearest dollar.
You would like to have $52,000 in 5 years for the down payment on a new house following college graduation by making deposits at the end of every three months in an annuity that pays 4.25% compounded quarterly. How much should you deposit at the end of every three months? How much of the $52,000 comes from deposits and how much comes from interest?
◦ $2796; $27,960 from deposits and $24,040 from interest
◦ $2347; $46,940 from deposits and $5060 from interest
◦ $2597; $51,940 from deposits and $60 from interest
◦ $1746; $34,920 from deposits and $17,080 from interest
Over nearly 30 years, humans removed many polar bears for a variety of reasons, from a population in
How to solve optimization problems in calculus (Part 1)
How to solve any rational equation by factoring (Part 1)
How to set up and solve linear models (Question 4)
Genetics problem solved
How does PCA reduce the dimension of a statistical problem? How do you select the reduced ...