To have $6,000 for a childs education in 10 years, what amount should a parent deposit in
Question:
To have $6,000 for a child’s education in 10 years, what amount should a parent deposit in a savings account that earns 12 percent, compounded quarterly?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Answered By
Rustia Melrod
I am a retired teacher with 6 years of experience teaching various science subjects to high school students and undergraduate students. This background enables me to be able to help tutor students who are struggling with the science of business component of their education. Teaching difficult subjects has definitely taught me patience. There is no greater joy for me than to patiently guide a student to the correct answer. When a student has that "aha!" moment, all my efforts are worth it.
The Common Core standards are a useful yardstick for measuring how well students are doing. My students consistently met or exceeded the Common Core standards for science. I believe in working with each student's individual learning styles to help them understand the material. If students were struggling with a concept, I would figure out a different way to teach or apply that concept. I was voted Teacher of the Year six times in my career. I also won an award for Innovative Teaching Style at the 2011 National Teaching Conference.
4.90+
4+ Reviews
10+ Question Solved
Related Book For
Personal Finance
ISBN: 9781264101597
14th Edition
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
Question Posted:
Students also viewed these Business questions
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-4. Ivan and Irene paid the following in 2012 (all by check or can otherwise be...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
It can be seen that in rolling a strip, the rolls will begin to slip if the back tension, b is too high. Derive an analytical expression for the magnitude of the back tension in order to make the...
-
Rolanda Marshall Company, organized in 2007, has set up a single account for all intangible assets . The following summary discloses the debit entries that have been recorded during 2008. 1/2/08...
-
Social loafing often results from the assumption by some group members that if they do not work hard: a. upper management will not notice b. others will pick up the slack c. they will conserve energy...
-
The value of the activity coefficient for an ideal solution is (a) 1 (b) 0 (c) Equal to Henry's law constant (d) Equal to vapour pressure.
-
The time to replace vehicle wiper blades at a service center was monitored using a mean and a range chart. Six samples of n 20 observations were obtained and the sample means and ranges computed: a....
-
America's relationship with its mentally ill population continues to suffer due to inadequacies in the country's mental health care system. For the mentally ill in Chicago, the effects of this...
-
Prepare a purchases return (journal) book from the following transactions for April 2017. 2017 April 05 10 17 28 Returned goods to M/s Kartik Traders Goods returned to Sahil Pvt. Ltd. Goods returned...
-
What is the present value of a withdrawal of $200 at the end of each year for 14 years with an interest rate of 7 percent?
-
You invest $600/year in a 401(k) that invests in an international stock mutual fund. Assuming an annual rate of return of 9%, how much will this fund be worth if you are retiring in 40 years?
-
A liquid solution of LiCl in water at 25C contains 1 mol of LiCl and 7 mol of water. If 1 mol of LiCl3H 2 O(s) is dissolved isothermally in this solution, what is the heat effect?
-
A firework explodes high in the air. The resulting sound spreads out uniformly in all directions. The sound intensity level is measured to be 63 dB at a distance of 120 m from the explosion. What is...
-
Red Hawk Enterprises sells handmade clocks. Its variable cost per clock is $6.50, and each clock sells for $16.00. Required: Calculate Red Hawk's unit contribution margin. Calculate Red Hawk's...
-
Jurisdiction X levies a flat 14 percent tax on individual income in excess of $35,000 per year. Individuals who earn $35,000 or less pay no income tax. Required: a. Mr. Hill earned $87,700 income...
-
Peter, who has a mass of 80 Kg is skateboarding at 5 m/s when he smacks into a brick wall and comes to a dead stop in 0.25 sec. What is his acceleration? What is the force acting on him?
-
A boxer punches a sheet of paper in midair and bring it from rest up to a speed of 20 m/s in in 0.02 sec. Mass of paper is 0.005 Kg. a. What acceleration is imparted to the paper? b. What force does...
-
sThe time needed to assemble a particular piece of furniture with experience is normally distributed with a mean time of 43 minutes. If 68% of the assembly times are between 40 and 46 minutes, what...
-
-x/2 x/4 If A = -x/2 and A-1 =6 then x equals
-
What are the six key components of a financial plan?
-
How is your net worth calculated? Why is it important?
-
What factors influence income? Why is an accurate estimate of expenses important in budget planning? How do tax laws affect the budgeting process?
-
Pep loses over 200,000 trading hours to load shedding "Pepkor says its performance has been negatively affected by the constrained consumer environment and persistent load shedding. In its interim...
-
1. Suppose you find a two-year investment that pays 18% per year. If you invest $1750. How much will you have at the end of the two years? Now calculate what is the simple interest amount and...
-
There is no standard definition for big data or data mining. In this discussion forum, we follow the general definitions used in our textbook. "Big data" refers to a dataset that is too complex and...
Study smarter with the SolutionInn App