Calculating future value. Krista Lee can purchase a service contract for all of her major appliances for $180 a tear. If the appliances are expected too last for 10 years and she earns 5 percent on her savings, what would be the future value of the amount krista will pay for the service contract?

The Martinez are planning for a retirement home. They estimate they will need $212,000 4 years from now to purchase this home. Assuming an interest rate of 12%, with four equal amounts being deposited at the beginning of the period. What amount must be deposited at the beginning of each period?

Suppose you have a 1-year old daughter and you want to provide R81 000 in 19 years towards hercollege education. You currently have R2 000 to invest. What interest rate must you earn to havethe R81 000 when you need it?

Anna and Bob have decided to buy an apartment. The cost of the apartment isRM150,000. They can get a 25-year mortgage at 8% and plan to make a downpayment of 20% of the selling price. What will be their monthly mortgage payment?

Future value. Jack and Jill are saving for a rainy day and decide to put $45 away in their local bank every year for the next 25 years. The local Up-the-Hill Bank will pay them 10% on their account. a. If Jack and Jill put the money in the account faithfully at the end of every year, how much will they have in it at the end of 25 years? b. Unfortunately, Jack had an accident in which he sustained head injuries after only 10 years of savings. The medical bill has come to $700. Is there enough in the rainy-day fund to cover it? ..... a. If Jack and Jill put the money in the account faithfully at the end of every year, how much will they have in it at the end of 25 years? 2$ (Round to the nearest cent.)

Future value.   Jack and Jill are saving for a rainy day and decide to put ​$70 away in their local bank every year for the next 25 years. The local​ Up-the-Hill Bank will pay them 10​% on their account.   a.  If Jack and Jill put the money in the account faithfully at the end of every​ year, how much will they have in it at the end of 25 ​years? b. ​ Unfortunately, Jack had an accident in which he sustained head injuries after only 10 years of savings. The medical bill has come to ​$1,000. Is there enough in the​ rainy-day fund to cover​ it? a. If Jack and Jill put the money in the account faithfully at the end of every​ year, how much will they have in it at the end of 25 ​years?   ​$nothing ​(Round to the nearest​ cent.) b.  How much will they have in the account at the end of 10 ​years?   ​$nothing ​(Round to the nearest​ cent.) Is there enough in the rainy day fund to cover the medical​ bill?  ​(Select the best​ response.)     A. There is not enough information to…

"Combining two assets in a portfolio always provides at least some diversification benefit." React to this statement by choosing between True and False AND providing a short explanation for your choice.

Can you show me how this is done?   Ava Darling plans to buy a house in 10 years and needs $17,446 for a down payment. If the annual interest rate is 6%, how much does Ava Darling need to invest today to have $17,446 in ten years? Selected Answer:  15,469 Correct Answer:  9,742 ± 5

Without using Excel and using the formula, Cheryl is setting up a payout annuity and wishes to receive $1200 per month for 20 years. A. How much does she have to deposit if her money earns 8% interest compounded monthly? B. Find the total amount Cheryl will receive from her payout annuity.

You are thinking of buying a house beside the College which you will rent to students. You expect to receive $2,000 a month in rental income. Your real estate agent estimates that you will be able to sell the property for $250,000 at the end of 46 months. You'd like a return of at least 0.2% per month. What is the most that you should pay for the house, assuming that you will purchase the house today and receive the first (beginning of month) rental payment today. What is the most that you should pay for the property today? (Round to the nearest dollar.)