I need to save $5000 for building an emergency fund in 5 years. How much do I need to save every year to achieve my goal. Assume current interest rates are 5%

Your realized income is $2,085.44, and your fixed expenses are 30%. You want to save 6 months worth in an emergency fund. How much do you need to save?

Your retirement fund's balance is $50,000 right now. You want to retire in 30 years with $1,000,000. You add $6000 annually, but what interest rate do you need to earn in order to reach your goal? please calculate manually

Jami Minard wants to receive an annuity of $5,000 at the beginning of each year for the next 10 years. How much (in $) should be deposited now at 5% compounded annually to accomplish this goal?

How much do you need to save each year for 30 years in order to have $775,000, assuming you are investing the money in an account that earns 8%? How much of the $775,000 comes from contributions (your out of pocket costs)?

* Suppose someone wants to accumulate $65,000 for a college fund over the next 15 years. Determine whether the following investment plans will allow the person to reach the goal. Assume the compounding and payment periods are the same. The person deposits $120 per month into an account with an APR of 5%. Will the person meet the goal? Select the correct choice below and fill in the answer box to complete your choice. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) OA. No, because the amount that will be in the college fund, $ B. Yes, because the amount that will be in the college fund, $ is less than the goal of $65,000. " is more than the goal of $65,000. "

Your HVAC service provider says your home air/heating unit should be replaced in three years; the expected cost is $3800. What monthly deposit into a sinking fund earning 4.3% compounded monthly would provide the needed amount at that time? (Show how to solve using TMZ solver in TI-84 Plus Calculator)

Your parents placed $240,000 in a trust fund for you. In 15 years, what will be the worth of the savings. If the estimated rate of return on the trust fund is 10%?<

You estimate that you will need $10,000 for education in 8 years. How much must you put away at the end of each year at 6 percent interest to have the college money ready? Show Time value of money imputs

A young married couple wishes to set up a fund that can be used for various home equipment purchases over the next 10 years. Their forecast is for $10,000 to be needed at the end of year 1, decreasing by $1000 each year thereafter. The fund earns 6% per year. How much money must be deposited in the fund now such that after the last withdrawal (10 years from now) the fund is depleted (balance in the account equals 0)? (Answer: $43,999)