13. You won $100 000.00 in a lottery and you want to set some of that sum aside for 4 years. After 4 years you would like to receive $2000.00 at the end of every 3 months for 6 years. If interest is 5% compounded semi-annually, how much of your winnings must you set aside?

You decide to invest in an instrument that pays 5% annual capitalizable interest each semester. If you want to get an amount of $1,000,000 at the end of 20 years, giving contributions at the end of each month, how much does each monthly contribution have to be to reach the goal?

3) You have a financial goal of putting a $10,0000 down payment on a home in 5 years. How much would you need to save each year if you could earn 8% annually? A) $1,423.44 B) $1,704.56 C) $1,990.50 D) $2,200.23

A.) You want to have $350,000 saved up by the time you retire in 30 years, How much would you need to deposit each month into a savig account earning 6.5% annual interest to achieve this goal? Round to the nearest cent, if necessary.  Excel formula: Your answer:

You want to have $2,000,000 in net worth when you retire. To achieve this goal, you plan to invest $1,000 each year (starting one year from now) into an account of time that earns 10% interest rate compounded annually. The amount of time you can retire as a multimillionaire is how many years?  31.94 (32 years) 55.64 (56 years) 25.56 (26 years) 20.36 (20 years) detailed answer without the usage of excel

Suppose you borrowed $15,000 at a rate of 8.5% and must repay it in 5 equal installments at the end of each of the next 5 years. How much would you still owe at the end of the first year, after you have made the first payment? $10,155.68 $10,690.19 $11,252.83 $11,845.09 $12,468.51

Congratulations! You have just won a small lottery. Lottery officials give you three alternatives for receiving your winnings: a)$8000 now b)$1000 per year for 12 years c)$15000 in 10 years If you can earn 6.5% on your money, which alternative should you choose?

You need to have $31,000 in 5 years. You can earn an annual interest rate of 3 percent for the first 3 years, and 3.6 percent for the next 2 years. How much do you have to deposit today?   rev: 01_30_2018_QC_CS-115320, 02_01_2018_QC_CS-115650   $25,421.63   $26,432.03   $26,278.95   $26,740.87   $25,975.44