Question: Question 2 a) John saves N$ 4255 the first month and every month later decreases it by N$ 65. (1) How much will John

Question 2 a) John saves N$ 4255 the first month and every

Question 2 a) John saves N$ 4255 the first month and every month later decreases it by N$ 65. (1) How much will John save in the 13th month? (4) (ii) How much will he save after two (2) years (6) b) A father is twice as old as his son. He was 6 times his son's age 20 years ago. What is the father's present age? (5)

Step by Step Solution

★★★★★

3.32 Rating (158 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

First month Save4225 Every month decrease by 65 in 13 months save 13 ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

A father wanted to show his son what it might be like to borrow money from a financial institution. When his son asked if he could borrow $120, the father lent him the money and set up the following...

John is 65 years old. John first started to save for retirement when he was 20 years old, when he put an equal amount of money each year on his birthday starting on his 20th birthday until his 39th...

A father wants to save for his 8-year-old son's college expenses. The son will enter college 10 years from now. An annual amount of $40,000 in today's constant dollars will be required to support the...

1. A bank is paying interest at a 5% annual rate on deposits. If you invest 10,000 and the bank compounds interest daily (i.e., 365 times per year), which of the following shows how much you will...

What is the likely effect of the pending lawsuits on Koss Corporation value? Explain. CASE 6.3 Koss Corporation and Unauthorized Financial Transactions In 1953, John C. Koss founded the Koss...

Published by CQ Press, an Imprint of SAGE Publications, Inc. www.cqresearcher.com Future of Cars Are Americans ready for self-driving vehicles? C ars that drive themselves, long a staple of science...

There are questions at the end of the case study that must be answer in detail. The Leslie Fay Companies Paul Polishan graduated with an accounting degree in 1969 and immediately accepted an...

PV=454.65 7 True/False explain: Other things constant, present and future values of anmuities due are always greater than the present and future values of ordinary annuities. Solving for Time (N) S....

hi guys guys i need the answer on Wednesday if thats possible thanks AQ004-3-2-FMTS Assignment Page 1 of 2 QUESTION 1 (25 Marks) (a) (b) (c) Carls owes $300 due in 3 months' time and $500 due in 8...

for this case study carefully read the article titled "The Case for Reparations" The Atlantic Introduction Provide an overview of the situation Identify critical issues underlying the problems...

A manufacturer is considering alternatives for building new plants, to be located closer to three of its primary customers with whom it intends to develop long-term, sole-supplier relationships. The...

Identify five contract terms and conditions - other than price - that should be included in the clean contract with its cleaning clients.

Multiple Choice 2 . 5 points Bradycardia indicates a heart rate. fast normal 1 4 none of the above 1 5 slow 1 6 1 7

1. After getting lost on their way to the mall, Billy, Elameri, and Wanda run out of gas and get stuck in the middle of nowhere. The only source of heat they have is a small kerosene camping stove....

Mark has a job and his Marginal Tax Rate (MTR) is 45%. Rose does not work, so her MTR is zero. The lecturer asks if they are willing to work as a part-time research assistant for 30 hours. The salary...

Marine Travel & Tours Limited mistakenly advertised tickets for its maiden post-COVID-19 country-wide tour on its website at $20 each, instead of an intended $200. You have been asked to advise...

Discuss what independent variables you would select to estimate the maintenance costs for a manufacturing company using multiple linear regression analysis. Explain why you selected these independent...

A: Estimate the value of your Microsoft using three valuation methods (DDM, PE, and DCF)before the COVID-19 shock(As of January 2020). B: Estimate the value of Microsoft using three valuation methods...

Las reducciones o ampliaciones de capital, fusiones y adquisiciones de otras empresas, modificacin de estatutos, etc. son responsabilidad de

2.Jane Doe is considering job offers from ABC and XYZ companies.Jane is 45 years old.ABC sponsors a profit sharing plan and XYZ sponsors a 401(k) plan. Jane wants to figure out which company has the...

Calculate Pearson's correlation coefficient () between the variables Weight and Head in the babyanth.complete data frame using the following formula. Include the correlation value you calculated in a...

Cheryl Wilcox is planning for her retirement, so she is setting up a payout annuity with her bank. She wishes to receive a payout of$1,500per month for twenty years. How much money must she deposit...

John, who is not married, has been employed by Phone Services, Inc. for 13 years, and currently earns $450,000 per year. John saves $40,000 per year. He plans to pay off his home at retirement and...

Question 1 Investment advisors recommend risk reduction through international diversification. Laura, a portfolio manager, is considering taking advantage of the potential for growth in foreign...

John has been employed by Phone Services, Inc. for 13 years, and currently earns $450,000 per year. John saves $40,000 per year. He plans to pay off his home at retirement and live debt free. He...