Question

The parents of a child have just come into a large inheritance of $128,000 and wish...

The parents of a child have just come into a large inheritance of $128,000 and wish to establish a trust fund for her college education. If they want to accumulate $246,000 in the fund that earns 5.66%/year interest compounded biweekly, then how long will it take for them to reach their goal?

Math   Precalculus   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

If you have any quarry related to this answer please leave a comment in comment box...

Please give me up vote it is so important for me.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The parents of a child have just come into a large inheritance of $128,000 and wish...
The parents of a child have just come into a large inheritance of $128,000 and wish to establish a trust fund for her college education. If they want to accumulate $246,000 in the fund that earns 5.66%/year interest compounded biweekly, then how long will it take for them to reach their goal?
Brad and Kelly just had a daughter, Katie. They establish an account, to accumulate money for...
Brad and Kelly just had a daughter, Katie. They establish an account, to accumulate money for her college education, in which they would like to have $100,000 after 17 years. If the account pays 4% interest per year compounded quarterly, and they make deposits at the end of every quarter, how large must each deposit be for them to reach their goal? Please show the formula used
1. The parents of a 5-year old child wish to have $250,000 when the child starts...
1. The parents of a 5-year old child wish to have $250,000 when the child starts college at the age of 18. How much should they deposit monthly in an account that pays 4.5% compounded monthly to achieve their goal? 2. A 25-year old saves for retirement by making monthly deposits of $1000 in an account that pays 4.9% compounded monthly. How much would be in the account at retirement age of 65? please solve asap i will appreciate your...
Option #1: Nursing Case Study Parents have come in with their child who is now one-year-old....
Option #1: Nursing Case Study Parents have come in with their child who is now one-year-old. They have two other children. One child, who is now five, has autism, and the mother is sure this child developed these symptoms after receiving the MMR vaccine. She home schools her children and is very attentive. She holds a college degree and researches all the vaccines thoroughly for her children. Your place of employment measures immunization compliance. This mother and father only want...
1. Jackie and Joe have just had their first baby and they wish to insure that...
1. Jackie and Joe have just had their first baby and they wish to insure that enough money will be available to pay for their daughter's college education. Assume that the educational savings account will return a constant APR of 9%. They have initial savings of $4358 deposited into the account right away (on the day the child was born) and plan to make further deposits into the educational savings account on each of their daughter's birthdays, starting with her...
PLEASE ANSWER ALL, I am unable to post individually. Dont not answer, and request to post...
PLEASE ANSWER ALL, I am unable to post individually. Dont not answer, and request to post the remaining separately. Thank you ! 2.Your aunt is planning to invest in a bank CD that will pay 7.0 percent interest semiannually. If she has $13,000 to invest, how much will she have at the end of four years? 3.Lisa Anderson received a graduation present of $1,000 that she is planning on investing in a mutual fund that earns 14.00 percent each year....
What are your top 3 take aways from this article? Technology is no longer just for...
What are your top 3 take aways from this article? Technology is no longer just for geeks. The internet has changed everything, including marketing. Be they small, medium or large, social media grants all companies an equal playing field on which to organically reach new customers. However, success will always ride on the marketing strategy employed. Obviously, larger companies have the advantage of bigger budgets and more resources. But that doesn’t mean social media for small business owners can’t compete...
QUESTION 1 ? What is the relationship between family dysfunction and schizophrenia? a. ?Research has substantiated...
QUESTION 1 ? What is the relationship between family dysfunction and schizophrenia? a. ?Research has substantiated a link between family dysfunction and schizophrenia but can't say which causes the other. b. ?Family dysfunction is a major causative factor for schizophrenia. c. ?Research has failed to substantiate a direct causal link between family dysfunction and schizophrenia. d. ?Family dysfunction plays a minor role in developing schizophrenia. 1.00000 points    QUESTION 2 ? Chuck has no life plan; he simply lives from...
Please read the article and answear about questions. Determining the Value of the Business After you...
Please read the article and answear about questions. Determining the Value of the Business After you have completed a thorough and exacting investigation, you need to analyze all the infor- mation you have gathered. This is the time to consult with your business, financial, and legal advis- ers to arrive at an estimate of the value of the business. Outside advisers are impartial and are more likely to see the bad things about the business than are you. You should...
What tools could AA leaders have used to increase their awareness of internal and external issues?...
What tools could AA leaders have used to increase their awareness of internal and external issues? ???ALASKA AIRLINES: NAVIGATING CHANGE In the autumn of 2007, Alaska Airlines executives adjourned at the end of a long and stressful day in the midst of a multi-day strategic planning session. Most headed outside to relax, unwind and enjoy a bonfire on the shore of Semiahmoo Spit, outside the meeting venue in Blaine, a seaport town in northwest Washington state. Meanwhile, several members of...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT