Wednesday

October 1, 2014

October 1, 2014

Posted by **worried** on Saturday, April 30, 2011 at 7:34pm.

- math -
**Mgraph**, Saturday, April 30, 2011 at 9:51pmAccumulated value after 7*12=84th payment

400((1+0.006)^84-1)/0.006=43522.55653

This amount after 25 years-->158445

Let P new payments then

400000-158445=P*((1+0.006)^216-1)/0.006

241555=P*440.087

P=$549

**Answer this Question**

**Related Questions**

finite math - A young executive deposits $400 at the end of each month for 7 ...

Math - The winner of a popular lottery is offered one of two options: i) a lump ...

Economics - Ben deposits $5000 now into an account that earns 7.5 percent ...

annuities..math - Anne Thorne deposits $100 at the end of each month into her ...

algebra - Suppose Mary deposits $200 at the end of each month for 30 years into ...

algebra - 1. Suppose Mary deposits $200 at the end of each month for 30 years ...

Finite Math and Applied Calculus - Betty Sue sets up a retirement account. For ...

finite math - in order to accumulate enough money for a down payment, a couple ...

math - Suppose a young couple deposits $700 at the end of each quarter in an ...

math - Investor A deposits 1,000 into an account that earns an interest rate of ...