Wednesday

August 20, 2014

August 20, 2014

Posted by **Howard** on Monday, May 7, 2012 at 8:25pm.

- Math, HELP! -
**Reiny**, Monday, May 7, 2012 at 8:43pm50 weeks in a year ???

mmmhhhh?

anyway I will go with that.

n = 30x50 = 1500

i = .06/50 = .0012

deposit = x

x( 1.0012^1500 - 1)/.0012 = 250000

you do the button-pushing

(I got $59.49 )

check by estimating:

payment appr. 240 a month monthly rate = .06/12 = .005

amount after 30 yrs

= 240(1.005^360 - 1)/.005

= appr $241 000

my answer is plausable.

**Related Questions**

math - how much needs to be saved weekly in order to have $30,000 in 5 years in ...

Math - Angie needs to have $15,000 at the end of 6 years. How much should she ...

math formula help needed - Angie needs to have $15,000 at the end of 6 years. ...

college math - Cindy deposited $1,000 in an account that pays 12% interest ...

business math - if I deposited $625 in a retirement account per month and it had...

math - I have been staring at this problem forever, and cant seem to dig it up ...

math - Eric deposted $32,000 in a savings account to save for his children's ...

math - If you put $ 6,000 in a savings account that pays interest at the rate of...

Math - Bermie deposited $ 4000 into an account that pays 45/a compounded ...

math - if you invest 500 dollars in a savings account that pays 8% interest per ...