You want to have $10,500 saved 8 years from now. How much less can you deposit today to reach this goal if you can earn 7 percent rather than 5 percent on your savings? Multiple Choice $1,007.94 O $995.72 $1,023.90 O $1,036.34

Fifth Fourth National Bank has a savings program which will guarantee you $14,500 in 11 years if you deposit $95 permonth. What APR is the bank offering you on this savings plan?Multiple ChoiceA. 2,40%B. 2.60% C. 2.87%D. 2.89%E. 2.97%

Multiple Choice Assume you are investing $100 today in a savings account. Which one of the following terms refers to the total value of this investment one year from now? о O O Future value Present value Principal amount Discounted value Invested principal 5 Saved Help Save & Exit 8 Submit

How much can you live on each month with this retirement plan if you are retiring in 38 years? Monthly savings 731 Amount you have reaty today to invest 10,965 Pre - retirement interest rate you can earn 11% post - retirement interest rate yo can earn 6% When you retire, you'll spend 200,000 for a trip around the world You plan to live 30 years after retirement and leave 2 million$ to your children. Monthly living allowance:

What will be the value of your saving in 4 years with an interest rate of 10% if you invest $120 today, $220 in two years and withdraw $60 in year 4? Select one: a.$441.88 b.$259.08 c.$381.89 d.$541.02

You’ve invested your savings at 8% and been able to accumulate $500,000. If you withdraw $50,000 at the end of every year, how long until the balance has been reduced to zero? a. 20.91 years b. 10.00 years c. 18.49 years d. 13.91 years e. 7.63 years

You expect to save $1,000 at the end of every year for 8 years. During the first 3 years, your savings will earn 4%, compounded semi-annually. During the last 5 years, your savings will earn 5%, compounded monthly. How much money will you have after 8 years? Round to the nearest dollar. Select one: a. $9,412 b. $9,546 c. $8,661 d. $9,876

You want to retire with $400 000 in the bank and you are able to earn 6% compounded quarterly for the next 25 years. How much money do you have to invest today in order to achieve your goal? Select one: a. $90 251.77 b. $90 201.77 c. $90 001.78 d. $90 251.78 e. $90 001.77

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You are going to deposit $3,500 in an account that pays .61 percent interest per quarter. How much will you have in 7 years? Multiple Choice $4,124.57 $4,154.34 $4,143.38 $4,149.73 ☐ $4,175.05