Interest is 0.4% per month
No of Periods = 10 x 12 = 120
Deposit today = $17000 / (1.004)120 = $10529.39
You want to have $17,000 in 10 years for a dream vacation. If you can earn...
You want to have $17,000 in 10 years for a dream vacation. If you can earn an interest rate of 4 percent compounded monthly, how much will you have to deposit today? Multiple Choice S16,334.72 C О S10,637,41 о O s10,763.38 о O s10,669,79 o 62'6zs'is $10,529.39
You want to have $12,000 in 10 years for a dream vacation. If you can earn an interest rate of .9 percent per month, how much will you have to deposit today?
You want to have $11,000 in 8 years for a dream vacation. If you can earn an interest rate of .7 percent per month, how much will you have to deposit today?
You decide to save for your dream vacation to Europe (London, Paris, and Rome). You want to be able to travel in 9 years. If you believe your trip will cost $5,845 and you can earn 9.2 percent annual interest on your savings, how much must you deposit today so you can afford your trip in 9 years? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR.
To fund your dream around-the-world vacation, you plan to save $1,250 per year for the next 12 years starting one year from now. If you can earn an interest rate of 5.71 percent, how much will you have saved for your vacation? Multiple Choice o $18,431.38 o $20,018.86 o $19,832.35 o О $20,73382 $20,733.82 o $19,582.60 The value of the following cash flows four years from today is $8,487.54. The interest rate is 5.6 percent. What is the value of...
You want to retire exactly 30 years from today with $1,980,000 in your retirement account. If you think you can earn an interest rate of 10.19 percent compounded monthly, how much must you deposit each month to fund your retirement?
You want to have $78,000 in 16 years to help your child attend college. If you can esrn an annual interest rate of 3.4 percent, how much will you have to deposit today? You want to have $78,000 in 16 years to help your child attend college. If you can earn an annual interest rate of 3.4 percent, how much will you have to deposit today? Multiple Choice $45,684.20 $44,182.01
You want to have $85,000 in 17 years to help your child attend college. If you can earn an annual interest rate of 4.1 percent, how much will you have to deposit today?
You are going to deposit $26,000 today. You will earn an annual rate of 6.1 percent for 11 years, and then earn an annual rate of 5.5 percent for 14 years. How much will you have in your account in 25 years? O $99.148.20 O $114.250.46 O $105,530.26 O $49.870.37 O $89.871.01 You are going to deposit $2,700 in an account that pays .33 percent interest compounded monthly. How much will you have in 7 years? $3,572.59 O $3,564.40 $3,560.84...
You want to retire exactly 35 years from today with $1,930,000 in your retirement account. If you think you can earn an interest rate of 9.99 percent compounded monthly, how much must you deposit each month to fund your retirement? A) $4,595.24 B) $505.45 C) $509.66 D) $543.64 E) $594.79