You are trying to save up $100, 000 in 18 years to help pay for your kid’s future college expenses. How much should you deposit today (one time) into an account that earns 6.5% interest compounded monthly to reach this goal?’

Q: My dream is to have $1,000,000 so I can finally afford a down payment for a house. How much money…

A:

Q: grandparents

A: Given :  Future value = $40,000 Time t = 18 years  Interest r = 3.5%  Compounding m = 4

Q: How much should you deposit at the end of each month into an investment account that pays 8.5%…

A: Here, we need to find the amount we deposit at the end of each month into an investment account that…

Q: You have an opportunity to invest in a fund that has a yearly interest rate of 6%. How much should…

A: From the given information, it is observed that FV = $15,000, r = 6%, that is, r =0.06 and t = 3.…

Q: After obtaining your first job you decide to make contributions to your personal retirement plan.…

A: Given- After obtaining your first job you decide to make contributions to your personal retirement…

Q: You deposit $1000, and it grows to $1,500 in 5 years.  What is your annual return?

A:

Q: You want to be able to withdraw $40,000 from your account each year for 25 years after you…

A:

Q: . An investment of $2950 earns 6.50% interest per year. Calculate the value of the investment when…

A:

Q: Parents wish to have $80,000 available for a child’s education. If the child is now 5 years old, how…

A:

Q: An investment company pays 4​% compounded semiannually. You want to have $17,000 in the future.

A: To determine how much money you need to invest now to have $17,000 in the future, we can use the…

Q: You have set up an investment that pays 7% compounded quarterly but requires deposits of $600 at the…

A:

Q: . Find the simple interest (I = Prt) of $10,000 invested for 6 years at an annual simple interest…

A: Definition: simple interest If an amount of money,  P , the principal, is invested for a period of…

Q: You want to be able to withdraw $50,000 from your account each year for 25 years after you retire.…

A: Given that, You want to be able to withdraw $50,000 from your account each year for 25 years after…

Q: To have $4 000 in 6 years, how much do you need to invest now at 3.2% compounded monthly?

A:

Q: You want to be able to withdraw $45,000 from your account each year for 30 years after you retire.…

A:

Q: A retiree requires an annual income of at least $9000 from an investment paying 7.5% annual…

A: Given: A retiree requires an annual income of at least $9000 from an investment paying 7.5% annual…

Q: low much interest are you going to pay after 45 days if you borrowed 50,000.00 in a lending vestor…

A:

Q: You want to be able to withdraw $20,000 from your account each year for 20 years after you retire.…

A:

Q: An investment company pays 5​% compounded semiannually. You want to have $ 18 000 in the future.

A: To determine how much money you need to invest now to have $18,000 in the future, we can use the…