Calculate the total payoff amount if you tripled the original $30 monthly payment to $90 per month. (number of months x monthly payment amount.) How much of that payoff would be interest payments?

Suppose that you want to avoid paying interest and decide you'll only buy the furniture when you have the money to pay for it. An annuity is basically the opposite of a fixed-installment loan: you deposit a fixed amount each month and receive interest based on the total amount that's been saved. The future value formula is: A = [( The future value would be $ 12M 1+ 12 Y where M is the regular monthly payment, r is the annual interest rate in decimal form, and t is the term of the annuity in years. If you chose an annuity with a term of two years at 4.7% and a monthly payment of $100, the future value would be $2511.27. Recalculate the future value amount if you're willing to raise your monthly payment $20 per month. Round your answer to the nearest cent. 121 X 6

What is the present value of regular perpetuity paying $1500 per month if the discount rate is 8.4% APR compounded monthly?

How much do you have to deposit today so that beginning 14 years  from now you can withdraw 15,000 a year for the next 4 years (periods 14 through 17) plus an additional amount of 30,000 in that last year (period 17)? Assume an interest rate of 11 percent.

Suppose that your bank pays 6% interest, compounded quarterly. Find out how much should be deposited now to yield an annuity payment of 1,500 at the end of each three months, for 3 years. (Round your answer to the nearest cent)

Suppose payments will be made for  7 1/4 years at the end of each month from an ordinary annuity earning interest at the rate of 3.25%/year compounded monthly. If the present value of the annuity is $41,000, what should be the size of each payment from the annuity? (Round your answer to the nearest cent.)$