How much do you have to invest today to have $25,000 for the purchase of a car four years from now if the interest rate is 8% compounded annually
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How much do you have to invest today to have $25,000 for the purchase of a car four years from now if the interest rate is 8% compounded annually?
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityHow much should you invest each month in order to have $800,000 if your rate of return is 7.5% compounded monthly and you want to achieve your goal in 40 years? How much interest will you earn? How much should you invest each month in order to have $800,000 if you want to achieve your goal in 20 years? If you deposit the amount you need to achieve your goal in 20 years, how much will your savings be worth after 10 years?How much should you invest each month in order to have $400,000 if your rate of return is 6.5% compounded monthly and you want to achieve your goal in 40 years?How much interest will you earn?How much should you invest each month in order to have $400,000 if you want to achieve your goal in 20 years?If you deposit the amount you need to achieve your goal in 20 years, how much will your savings be worth after 10 years?
- How much will you need to save per month to have $200,000 after 12 years, if your account earns 5% interest per year, compounded monthly?You wish to invest $30,000 today in order to save $60,000 for a deposit to buy a house in several years’ time. How many years must you invest in order to have a future value of $60,000 if the interest rate is 12%?If you are considering the purchase of a consol that pays $60 per year forever, and the rate of interest you want to earn is 10% per year, how much money should you pay for the consol?
- Suppose you finance a $10000 car over 8 years at an interest rate of 14% per month. How much is your monthly car payment?A car is priced 35000. The price is expected to rise by 3% a year.If your local bank offers 10% interest on your deposit, how much do you need to put aside todayto buy the car 5 years from now?You are borrowing money to buy a car. If you can make payments of $280 per month starting one month from now at an interest rate of 9%, how much will you be able to borrow for the car today if you finance the amount over 5 years?
- If you want to receive $1,000 each year for the next three years how much should you invest today? Assume the annual interest rate to be 10%.You would like to have 950,000 when you retire in 30 years. How much should you invest each quarter if you can earn a rate of 4.8% compounded quarterly? How much should you deposit each quarter? How much total money will you put into the account? How much total interest will you earn?You want to buy a new sports car 3 years from now and you want to save $4,200 per year, beginning one year from today. You will deposit your savings in an account that pays 5% annual compounding interest rate. How much will you have at the end of three years?