a) Dylan will start start college in 9 years. Dylans parents want to save a total amount of $32 000 in 9 years before he begins college, to help pay for his college tuition. They plan to save the money by making deposits every month into a savings account that earns 6.3% per year compounded monthly. How much are their regular monthly deposits? b) How much interest will Dylans parents earn on the account?

If this family of 4 wants to save up for a vacation in 2 years, how much should they deposit each month into a savings account earning 1.85% annual interest? iF THEY HAVE TO SAVE UP $4580 (Round your answer to the nearest DOLLAR and type it without any commas, dollar signs, ect)   If instead they decide to take the vacation now and put it on a credit card, how much would they need to pay each month to cover the cost of this credit card charge after 2 years if their credit card charges an APR of 19% (which is the average APR for new credit cards currently)?   (Round your answer to the nearest DOLLAR and type it without any commas, dollar signs, ect) $ How much more will this family pay for their vacation using their credit card instead of saving?

1. Kyoko has $10,000 that she wants to invest. Her bank has several investment accounts to choose from, all compounding daily. Her goal is to have $15,000 by the time she finishes graduate school in 6 years. To the nearest hundredth of a percent, what should her minimum annual interest rate be in order to reach her goal? If you use an online financial calculator (look up "compound interest calculator") to answer this, provide a screenshot of three different scenarios that you tried, as well as the correct one.

Question - : Your child is going to college for the next 4 years. You are setting up a college fund that your child withdraws from at the BEGINNING of each 6 month period (2 withdrawls each year). Each withdrawl is $ 3000. The account pays 12% annual interest rate, compounded 2 times a year. How much money should you put in the account now?

6) Susan is looking to purchase her first home five years from today. The house costs $1,550,000. She will have to make a down payment of 10% of this amount and plans to take a loan from the bank for the difference. Bank charges are approximately 15% of the loan amount. She plans to start saving from today to cover both the down payment and the bank charges. a. How much will she need to save to cover both the down payment and bank charges? b. If she currently has $195,000 in her account and will make no further deposits over the next five years, what rate of interest must she earn on this account in order to achieve the savings target calculated in part (a) above?

2. (a) A college student, Amy, decides to fund a retirement account with $2000 per year for 8 years, with the first deposit made one year from today. The rate of return will be 10%. How much will she have in her account when she retires in 40 years? (b) Amy’s friend, Dacio, decides he will start funding his retirement account 8 years from now (first payment in 9 years). He then will invest $2000 each year for 32 years. If his rate of return is 10%, how much will he have when he retires in 40 years?

It is Jerry's 14th birthday and his parents plan to invest some money so that they will have $17 000 on Jerry's 18th birthday for his post-secondary education. They invest in an RESP that pays 8.6% per year, compounded quarterly. How much money must Jerry's parents invest now to reach their goal?

How much will you have in your bank account after 4 years ifyou deposit $5,000 of your high-school graduation gifts into an account that pays a fixed interest rate of 5% per year?

description: joe knows that he will have to put 10% down on his car. to save up for this down payment he plans on investing a set amount monthly starting now, into teens choice financials interest plus savings account which pays 4% compunded monthly. a) How much will Joe have to put down on his Porsche? b) Using the TVM solver, determine how much Joe must deposit monthly into his savings account to have his down payment by the time he turns 35? c) After his down payment, Joe hopes to finance the rest of the purchase price at 8.2% compounded monthly over 84 months.  Using the TVM solver determine Joe’s monthly payments.

John, a 25-year-old teacher, wants to start saving for his retirement. John wants a comfortableretirement, so he needs to have one million dollars in his saving account, which pays 2.4% annualinterest rate, when he reaches 67 years of age.a. How much should John deposit into his saving account monthly now? Round your answer to thenearest cent.b. If John wants the one million dollars in his saving account to last him 20 years into hisretirement, how much could he withdraw from the saving account monthly? You can assume thesaving account will pay the same 2.4% annual interest rate. Round your answer to the nearestcent.c. If John increases his monthly deposit in part (a) by $200, how much will be in his saving accountif he wants to retire at 60 years of age? Round your answer to the nearest cent.