A newborn child receives a $10,000 gift toward a college education from her grandparents. How much will the $10,000 be worth in 20 years if it is invested at 5.5% compounded quarterly? Cu

What lump sum do parents need to deposit in an account earning 10%, compounded monthly, so that it will grow to $70,000 for their son's college fund in 13 years? (Round your answer to the nearest cent.) $

You are saving for the university education of your two children. They are two years apart in age; one will begin university 15 years from today and the other will begin 17 years from today. You estimate your children's university expenses to be $45,000 per year per child, payable at the beginning of each school year. The annual interest rate is 7.5 percent. Your deposits begin one year from today. You will make your last deposit when your older child enters university. Assume four years of university. How much money must you deposit in an account each year to fund your children's education? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) Annual savings $

Parents wish to have 140,000 available for a child’s education. If the child is now 5 years old, how much money must be set aside at 7% compounded semiannually to meet their financial goal when the child is 18

10. Tracy won a scholarship which pays $5,000 per year for the next three 3 years beginning a year from today. What is the present value of the scholarship using a discount rate of 7%? 11. Jason will receive $8,500 a year for the next 15 years. Assuming an interest rate of 7%, calculate the present value of the future payments if first receipt occurs today?

Ann and Tom want to establish a fund for their​ grandson's college education. What lump sum must they deposit at a 10​% annual interest​ rate, compounded quarterly​, in order to have ​$30,000 in the fund at the end of 10 ​years?       Question content area bottom Part 1 They should deposit ​$enter your response here. ​(Round up to the nearest​ cent.)

Rodriguez: Attempt 1 to have $120,000 in 15 years for their children's college education. How much should be paid. semiannually into an account paying 6.8% compounded semiannually? Problem: A newborn child receives a one time $20,000 gift toward college from her grandparents. How much will the $20,000 be worth in 17 years if it is invested at 7% compounded quarterly? Problem: If you buy a computer directly from the manufacturer for $2,500 and agree to repay it in 48 equal installments at 1.25% interest per month on the Q Search ly 1. A F 2. A=P 3. A- PA

Parents wish to have S 100000 available for a child's education. If the child is now 4 years old, how much money must be set aside at 8% compounded semiannually to meet their financial goal when the child is 18? Part 1 The amount that should be set aside is S

← A newborn child receives a $8,000 gift toward a college education from her grandparents. How much will the $8,000 be worth in 19 years if it is invested at 5.9% compounded quarterly? It will be worth $ (Round to the nearest cent.)

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