Joe and Alicia want to put money in a savings account now so that they will have $2000 in 5 years. The savings bank pays for 7% interest compounded quarterly. How much should Joe and Alicia invest?

Future value with periodic rates. Denise has her heart set on being a millionaire. She decides that at the end of every year, she will put away $4,800 into her "I want to be a millionaire account" at her local bank. She expects to earn 6.5% annually on her account. a. How many years must Denise faithfully put away her money to succeed at becoming a millionaire? b. If Denise switches to a monthly savings plan and puts one-twelfth of the $4,800 away each month ($400), how much will she have in 43 years at the 6.5% APR? c. Why is the future value under the monthly savings plan more than the $1,000,000 goal?

We are now in the middle of 2020 and Daisy Lewis is saving to buy an apartment in Jumeriah Village Circle in 6 years. The estimated price of the house at the time of purchase is $550,000 and Daisy plans to put down a 15% deposit. Suppose that Daisy can invest her savings in a local bank that pays a 9.25% interest rate per year. Calculate the amount that Daisy will need to invest today to reach her investment goal in the future.   Determine the amount of money that Daisy will need to invest each year in order to reach her investment goal.

Hannah wants to have $ 7500 to help pay for a new deck in 13 years. If she wants to put her money into an account earning 4.75% interest compounded continuously, how much should she invest now, so that she will have $ 7500 in 13 years? Payment amount =

Before they retire Bob and Beth want their savings to grow to 7.7 million. Bob and Beth have $2.4 million in cash. How many years before they can retire if they earn 7.6% per annum on their cash savings? Assume annual compounding

Amanda and Zack are saving for their first child. They know he/she will be expensive and would like an extra $5000 in the bank when the baby comes. Amanda and Zack are not planning to have a baby for at least 3 years. They found a savings account that will earn 4.7% interest compounded quarterly. How much money should they invest to be financially prepared for their first child? Round to the nearest dollar.

Lauren wants to buy a car that costs $27,000. She has $22,000 in her bank account currently. If the bank provides with a 7- simple interest rate, how long she will have to wait to reach to her goal of buying that car? Round your answer to the nearest year.