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.

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.)

Madison is planning to save for his newborn daughter’s college tuition, to be paid in 18 years. The amount he wishes to have by that time is $70,000. He plans to deposit $2,300 in a bank account every year for 18 years, starting next year. Suppose the account pays 2% interest on deposits, compounded annually. How much would he need to deposit right now, to make up the remaining amount necessary by the end of 18 years? a. $13,378.03 b. $14,529.48 c. $15,841.33 d. $17,003.96 e. $18,458.72.

Leon wants to save a classic car so he deposits $1500 at the end of the years into a savings account that pays her 6% compounded annually.  What are those deposits worth at the end of 5 years ?