You plan to give your wife a ring in 12 months for your 25th anniversary. You...
You plan to give your wife a ring in 12 months for your 25th anniversary. You will buy the ring in 12 months for $30,000. How much will you have to invest each month, starting next month, for eight months to pay for the ring if your investments earn 5% APR, compounded monthly?
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You plan to give your wife a ring in 12 months for your 25th
anniversary. You...
You plan to buy your "dream car" when you graduate in 12 months. The cost of...
You plan to buy your "dream car" when you graduate in 12 months. The cost of the car at that time will be $59,000 . How much do you have to invest each month, starting next month, for 29 months to exactly pay for the car if your investments earn 5.00% APR (compounded monthly)? Calculate your answer to the nearest dollar.
You plan to buy your "dream car" when you graduate in 12 months. The cost of the car at that time will be $59,000 . How...
You plan to buy your "dream car" when you graduate in 12 months. The cost of the car at that time will be $59,000 . How much do you have to invest each month, starting next month, for 29 months to exactly pay for the car if your investments earn 5.00% APR (compounded monthly)? Calculate your answer to the nearest dollar. Write only the number with no dollar sign or comma (e.g., 3711)
You plan to buy your "dream car" when you graduate in 12 months. The cost of the car at that time will be $59,000 . How...
You plan to buy your "dream car" when you graduate in 12 months. The cost of the car at that time will be $59,000 . How much do you have to invest each month, starting next month, for 29 months to exactly pay for the car if your investments earn 5.00% APR (compounded monthly)? Calculate your answer to the nearest dollar. Write only the number with no dollar sign or comma (e.g., 3711)
You plan to buy a house in 18 months. The cost of the house at that...
You plan to buy a house in 18 months. The cost of the house at that time will be $300,000 . How much do you have to invest each month, starting next month, for 12 months to exactly pay for the house if you r investments earn 2.00% APR (compounded monthly)? $22,675 $25,261 $24,525 $23,582 $24,290
You plan to "go green" and install solar panels on your home in 36 months. The...
You plan to "go green" and install solar panels on your home in 36 months. The solar company has a payment plan whereby you will pay for the panels in 120 monthly payments (installments) starting in month 37 Each monthly installment will be for $200 per month. How much would you have to invest each month (the same amount in each month), starting in one month, for 35 months , to exactly pay for the solar panels ,if your investments...
please answer Question 1 20 pts You plan to buy your "dream car" when you graduate...
please answer
Question 1 20 pts You plan to buy your "dream car" when you graduate in 12 months. The cost of the car at that time will be $59,000. How much do you have to invest each month, starting next month, for 29 months to exactly pay for the car if your investments earn 5.00% APR (compounded monthly)? Calculate your answer to the nearest dollar. Write only the number with no dollar sign or comma (e.g., 3711)
You plan build a sunroom on to your house in 6 months. You will pay for...
You plan build a sunroom on to your house in 6 months. You will pay for the sunroom in 3 installments of $10,000 each. The first payment is seven months from now and the other two payments are eight and nine months from now. If your investments earn 5% APR, compounded monthly, how much must you invest today to cover the cost of the sunroom?
You want to send your child to one years (12 months) of boarding school starting 6...
You want to send your child to one years (12 months) of boarding school starting 6 months from now. The cost of the school is $7,000 per month for 12 months. If your investments earn 3% APR, compounded monthly, how much would you have to invest today to cover the cost of the boarding school?
You've lost a lawsuit that requires you to pay $1,500 per month for 120 months starting next month. How much would you h...
You've lost a lawsuit that requires you to pay $1,500 per month for 120 months starting next month. How much would you have to invest today to exactly pay for the lawsuit, if your investments earn 3.00% APR (compounded monthly)? Calculate your answer to the nearest dollar.
You need $600 in 6 months for your annual liability insurance umbrella. If your investments earn...
You need $600 in 6 months for your annual liability insurance umbrella. If your investments earn 4.00% APR (compounded monthly), how much do you have to invest each month, starting next month for 4 months such that your investment will grow to just cover your insurance bill? $154 $148 $151 $145 $131
please answer
Question 1 20 pts You plan to buy your "dream car" when you graduate in 12 months. The cost of the car at that time will be $59,000. How much do you have to invest each month, starting next month, for 29 months to exactly pay for the car if your investments earn 5.00% APR (compounded monthly)? Calculate your answer to the nearest dollar. Write only the number with no dollar sign or comma (e.g., 3711)
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