# Finance

posted by .

Solve for x.

10000 = 2500(1.0425)^3 + X(1.0425)^2 + 3500(1.0425)^1

• Finance -

what is the present value of annuity of \$950 per year for 18 years ( with the first payment to be made today and the last payment to be made 17 years from today) give an interest rate of 7.5% p.a?

## Similar Questions

1. ### Math

Sarah has \$480 in her savings account earning 4/1/4% interest. How much interest will she earn in 2/1/2 years?
2. ### algerbra 2

you deposit 10,000 dollars in an account that pays 4.25% interest compouned continuously. How long will it take for the account balance to reach \$15,000?
3. ### finance

solve for x 10000 = 2500(1.0425)^3 + X(1.0425)^2 + 3500(1.0425)^
4. ### Math

Swan Furnace Cleaners wants to add 0.50% to the effective rate of interest on its credit card. If it currently charges a nominal rate of 4.25% compounded semi-annually, at what value should it set the new nominal rate?
5. ### math!

Swan Furnace Cleaners wants to add 0.50% to the effective rate of interest on its credit card. If it currently charges a nominal rate of 4.25% compounded semi-annually, at what value should it set the new nominal rate?

warren is going to use the \$26,200 in his savings account to buy a new car. The car he plans to buy costs \$24,244.33 plus sales tax, which is 4 1/4%(fractions (0.0425). How much money will warren have in his account after buying the …
7. ### math

(1.0425) exponent 12
8. ### Math check

IQ scores in a certain population are normally distributed with a mean of 96 and a standard deviation of 12. (Give your answers correct to four decimal places.) (a) Find the probability that a randomly selected person will have an …
9. ### Math

Commission Rate = .0425 Original Price= 268000 (use a = p*w) Commission = ----
10. ### AP Chemistry

For the reaction ?CH4+ ?O2 ==> ?CO2+ ?

More Similar Questions