How many payments made when account balance reach value
You're planned to make monthly payments of $200, starting at the end of the month, into the account which pays 10% interest compounded monthly. How many payments will have made when the account balance reaches $55,000?
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The vending machine distributes 4-cent, 6-cent, and 10-cent stamps. Determine the recurrence relation for number of ways to form postage of n cents if order of stamps matters.
Establish system of two differential equations, with initial conditions which explain amount of salt in the tanks. Express how long the system is valid for.
How long it will take until you have sufficient money for down payment? We could solve the problem using compound interest formula.
Use determinant from (b) to describe why linear system has the unique solution. Determine equation of polynomial passing through A=(1,-1) B=(2,4) and C=(3,3) by first verifying there exists the unique solution.
Company presently has 10.4% coupon bonds on market which sell for $1,144, make semiannual payments, and mature in given 18 years. What coupon rate must company set on its new bonds if it wishes them to sell at par?
Dividends are expected to maintain the 6.25% growth rate, forever. Suppose stock presently sells for $49.80 per share. Determine dividend yield? Compute expected capital gains yield?
Find number of ways are there to arrange 13 letters of ALBANYNEWYORK with consonants in alphabetical order? Find number of ways are there to arrange letters of ALBANYNEWYORK with both A's preceding both N's, or both Y's preceding K?
The man should climb the flight of k steps. He always takes one or two steps at the time. Therefore he can climb three steps in the given ways: 111, 12,or 21. Determine number Sk of ways he climb flight of k steps?
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