Deborah is planning to buy a car in 3 years. She intends to buy the best car she can for $20 000. She has $17 500 to invest in an account that compounds interest semi-annually. What rate of interest will Deborah need in order to meet her goal?

Seved Rachel purchased a car for $20,000 three years ago using a 4-year loan with an interest rate of 9.0 percent. She has decided that she would sell the car now, if she could get a price that would pay off the balance of her loan. What is the minimum price Rachel would need to receive for her car? Calculate her monthly payments, then use those payments and the remaining time left to compute the present value (called balance) of the remaining loan. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Minimum price

3. What house value can Betty afford? Betty's annual income is $90,000 and she has monthly credit payments of $500. She is looking for a house financed by 30 year 6% mortgage with 20% down payment. Property tax and insurance on the home is expected to be $300 per month. Calculate the value of the house she can afford.

Fatema wants to invest an amount of OMR.  2000 every year to go on vacations with her husband at the end of 5 years.  For this purpose, she wants to invest some money in a saving bank but does not know the exact amount of money she will get after 5 years a) What amount will she receive assuming an interest rate of 7.85%? b) What amount will she receive assuming an interest rate of 7.50%?  c) Suggest the option which will be enough to meet her travel expenses estimated to be 12000

Aurora wants to give her daughter Mara a financial gift on the latter's college graduation two years from now. Aurora came across a promotional high-yielding savings account which guaranteed that a deposit of P2,000 today becomes P5,000 during the same period. What is the interest rate in this case if it is compounded quarterly?

Thomas has $1,000 in his bank account today to spend on a TV.Thomas needs exactly $1,070 to purchase a new TV.The investment he selected provides 7% annual interest.For how long, does she need to invest the $1,000 to be able to purchase the TV.

Ingrid wants to buy a $17,000 car in 8 years. How much money must she deposit at the end of each quarter in an account paying 5.3% compounded quarterly so that she will have enough to pay for her car? How much money must she deposit at the end of each quarter? $ (Do not round until the final answer. Then round to the nearest cent as needed.)

Frances plans to save money for a down payment on a house using an investment account that pays an interest rate of 5.3% per year. She wants to have $425, 000 available five years from today. Frances intends to deposit an amount today and at the end of each of the next five years into her investment account (i. e. she will make a total of six deposits, all of the same amount). How much will each of these deposits be? (Enter your answer to two decimal places)

Ann would like to have $20,000 saved in 7 years from today and can earn 3.8% on deposits. She plans to make sporadic deposits of $2,000 one year from today, $2,500 3 years from today, $500 at year 7. She plans to make one additional payment 4 years from today. How much must she deposit in 4 years to meet her goal?

Your cousin is currently 13 years old. She will be going to college in 5 years. Your aunt and uncle would like to have $115,000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 4.2% per year, how much money do they need to put into the account today to ensure that they will have $115,000 in 5 years? The amount they need to put away today is The amount they need to put away today is $______(Round to the nearest cent.)