The present value of annuities due where monthly deposit at the beginning of the month is $ 600 , frequency of payment is 1 year, time duration is 20 years, nominal rate of return is 4.3 % and interest is compounded annually.

Question

1. Iodine-131 is tone of the most commonly used radioactive isotopes of iodine. It is used to treat hyper- thyroidism and some kinds of thyroid cancer. (a) Iodine-131 has a half-life of about 8 days. Find an expression for I(t), the mass of Iodine-131 remaining after t days, in terms of t and Io, the initial mass of Iodine-131 present at time t = 0. (b) If a dose of 0.9 mg of Iodine-131 is administered, how much is still present after 24 hours? (c) How much Iodine-131 is present after one week? Does your answer make sense?

Answer 1

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Chapter 12, Problem 28AT

To determine

To calculate: The present value of annuities due where monthly deposit at the beginning of the month is $600, frequency of payment is 1 year, time duration is 20 years, nominal rate of return is 4.3% and interest is compounded annually.

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1. Iodine-131 is tone of the most commonly used radioactive isotopes of iodine. It is used to treat hyper- thyroidism and some kinds of thyroid cancer. (a) Iodine-131 has a half-life of about 8 days. Find an expression for I(t), the mass of Iodine-131 remaining after t days, in terms of t and Io, the initial mass of Iodine-131 present at time t = 0. (b) If a dose of 0.9 mg of Iodine-131 is administered, how much is still present after 24 hours? (c) How much Iodine-131 is present after one week? Does your answer make sense?

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