You decide to save money to buy a car by opening a special account at a bank that offers 8% APR compunded monthly. You deposit $300 each month for 36 months. How much will you have in your account in 36 months?

You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly half a million dollars. Your plan is to deposit $36,000 at the end of each year for the next 8 years. You expect to earn 12 percent each year. Required: 1. Determine how much you will have saved after 8 years. 2. Determine the amount saved if you were able to deposit $38,000 each year. 3. Determine the amount saved if you deposit $36.000 each year, but with 14 percent interest. Complete this question by entering your answers in the tabs below. Required 1 Required 21 Required 3 Determine how much you will have saved after 8 years. Note: Round your final answer to the nearest whole dollar. Balance in the Savings Account. Required 2 >

The parents of a 3-year old child decide they need to start saving for their child's college fund. They want to have $22,000 in the fund in 15 years. The fund has an APR of 3.4%. What monthly deposit is required? Round your answer to the nearest cent.

description: joe knows that he will have to put 10% down on his car. to save up for this down payment he plans on investing a set amount monthly starting now, into teens choice financials interest plus savings account which pays 4% compunded monthly. a) How much will Joe have to put down on his Porsche? b) Using the TVM solver, determine how much Joe must deposit monthly into his savings account to have his down payment by the time he turns 35? c) After his down payment, Joe hopes to finance the rest of the purchase price at 8.2% compounded monthly over 84 months.  Using the TVM solver determine Joe’s monthly payments.