1. Financial Mathematics Project Nicole Wang, Period 1

2. Payment to Achieve a Goal You want to save up enough money in order to buy your first home, costing $125,000.

3. First off… Assuming you have a rate of 7.75% compounded quarterly…

4. And… Considering that you can deposit $1,500 per quarter…

5. The big question… How long will it take for you to achieve your goal?

6. Bibliography Calendar: http://www.locallinks.com/sunnyvale/uploaded_images/calendar_clip_art-755266.gifhttp://www.locallinks.com/sunnyvale/uploaded_images/calendar_clip_art-755266.gif Money symbol: http://www.warnersbaysportsclub.com.au/WARNERSBAY_BOWLSstores/NEWS/12/ATTRFILE_Home PageImage/moneySymbol.jpg http://www.warnersbaysportsclub.com.au/WARNERSBAY_BOWLSstores/NEWS/12/ATTRFILE_Home PageImage/moneySymbol.jpg Time is Money: http://psdblog.worldbank.org/photos/uncategorized/2007/10/12/time_is_money_3.jpg http://psdblog.worldbank.org/photos/uncategorized/2007/10/12/time_is_money_3.jpg Question Marks: http://www.twodoctors.org/myimages/QuestionMarks.jpghttp://www.twodoctors.org/myimages/QuestionMarks.jpg Money: http://www.socialpicks.com/photo/name/3348/money.jpghttp://www.socialpicks.com/photo/name/3348/money.jpg Calculator: http://www.accountservonline.com/images/calculator_djk3.jpghttp://www.accountservonline.com/images/calculator_djk3.jpg Percent: http://www.mathleague.com/help/percent/percent.GIFhttp://www.mathleague.com/help/percent/percent.GIF Moving Truck: http://www.hillcountryclimatizedstorage.com/images/2360734.jpghttp://www.hillcountryclimatizedstorage.com/images/2360734.jpg Home: http://www.chiangmairealty.com/Images/Sally/Peung.jpghttp://www.chiangmairealty.com/Images/Sally/Peung.jpg