Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. algebra
  3. algebrajeremy wants to set up a fund for his son's

AlgebraJeremy wants to set up a fund for his son'seducation such that he could withdraw$1,596.00...

90.2K

Verified Solution

Question

Algebra

image

AlgebraJeremy wants to set up a fund for his son'seducation such that he could withdraw$1,596.00 at the beginning of every 3months for the next 4 years. If the fund canearn 3.30% compounded semi-annually,what amount could he deposit today toprovide the payment?Round your answer to the nearest cent

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

1. In DNA, the type of bonds that form the base pairing between the bases, A::T...

Medical Sciences
1.2K views

A. Discuss the differences between a flu epidemic and pandemic. B. Explain what is meant by...

Accounting
1.2K views

Splish Company invests $10,400,000 in 5% fixed rate corporate bonds on January 1, 2017. All the...

Biology
1.2K views

Which of the following Presidents was responsible for future Presidents only being able to serve...

Physics
1.2K views

A whistle of frequency 500 Hz tied to the end of string of length 1...

Basic Math
1.2K views

11 The half life of a radioactive nucleus is the time it takes for OA...

Statistics
1.2K views

From public records Individuals were identified as having been charged with drunken driving not less...

Accounting
1.2K views

Liberty Corporation has the following information as of December 31, 2020:...

Accounting
1.2K views

Ritchie Manufacturing Company makes a product that it sells for $160 per unit. The company...

Accounting
1.2K views

Blackfly Ltd. had sales of $500,000 in 2007, all made on credit terms. The company...

Accounting
1.2K views

Points out of 1.00 The following units of an inventory item were available for sale...

Finance
1.2K views

You are shopping for a car and read the following advertisement in the newspaper: "Own...