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?

Respond to this Question

First Name
School Subject
Your Answer

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?
  6. 8th grade

    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