Answer to Question #15215 in Math for Lisa

Question #15215

If a college freshman Invests 10000 Gift at 8 % per ammun. Convertible quartly , how much can be withdrawn at the end of every quarter to use up the fund in exactly four years

Expert's answer

S=((((10000-4x)*1.08-4x)*1.08-4x)*1.08-4x)*1.08=0
We receive x=699

Learn more about our help with Assignments: Math

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. Question 1: Nora barrows $37500 on September 28, 2011, at 7%p.a. simple interest be paid on October
2. the product of non zero rational and an irrational is
3. 3. You receive a prescription for a drug to be given in a dose of 5 mg/m2. Calculate the dose of the
4. 6. You receive a prescription written for a topical solution which calls for 45 g to be dispensed. T
5. Similar to√b, on most computers, the computation of3√b is also based on Newton’s method. Set
6. There are 20 people on the board of directors of a publicly listed company. Each pair of people are
7. Using digits 1, 2, 3, 4, 5, 6, 7 to round to the number 6,300,000?