Betty wants to invest a monthly sum of money in order to accumulate R100000 in seven years. How much must be the deposit monthly if her bank offers her an interest rate of 6% per annum compounded monthly? What if she was given an interest rate of 8%?

Nancy wants to invest $2000 in saving certificates that bear an interest rate of 9.75% compounded semiannually. How long until does she need to wait to hit $3000?

Katie wants to save $1500 over the next two years to use as a down payment on a new car. If her bank offers her 5% interest, what monthly payment would she need to put into an ordinary annuity in order to reach her goal? Round to the nearest cent.

Hannah wants to have $1500 to help pay for a new deck in 13 years. If she wants to put her money into an account earning 8.5% interest compound continuously, how much should she invest now, so that she will have $1500 in 13 years?  Payment amount =

2) Whiskers wants to buy a $400,000 house. She plans to pay $80,000 down and make monthly payments for 20 years. If the loan has an interest rate of 6% monthly with 3 points, what is the true interest rate?

Kala wants to save money to buy a motorcycle. She invests in an ordinary annuity that earns 4.8% interest, compounded annually. Payments will be made at the end of each year. 圖 00 How much money will she need to pay into the annuity each year for the annuity to have a total value of ss000 after 3 years? Do not round intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the ilist of financial formulas.

If Finley wants to set aside money in a savings account that earns 3.72% APR in interest, compounded monthly, how much will they have to invest now for the savings account to be worth $24,000 in fifteen years?

Whiskers wants to buy a $600,000 house. She plans to pay $200,000 down and make monthly payments for 20 years.  If the loan has an interest rate of 5% monthly with 3 points, what is the true interest rate?

Hannah wants to have $ 7500 to help pay for a new deck in 13 years. If she wants to put her money into an account earning 4.75% interest compounded continuously, how much should she invest now, so that she will have $ 7500 in 13 years? Payment amount =

Jane wants to borrow $100,000 from the bank for up to 3 years at an APR of 8.5% with interest compounded monthly.If Jane borrows$100,000 for 1 year, how much interest will she have paid and what is the bank’s APY?