Your child is planning to attend summer camp for 3 months, starting 6 months from now....
Your child is planning to attend summer camp for 3 months,
starting 6 months from now.
The cost of the camp is $4,000 per month, each month for the 3
months she will attend.
If your investments earn 5% APR (compounded monthly) how much must
you invest each month
starting next month, for 3 months, such that your investment would
just cover the cost of the camp?
Homework Answers
Total cost for attend summer camp = $12000
invest each month
pv = $12000/(1+.005/4)3/12 = $12000*.9515242752 = 11418
per month = 11418/3 = 3806 invest
Add Answer to:
Your child is planning to attend summer camp for 3 months,
starting 6 months from now....
You dhia is paning toatnd umner camp for 3 months tarting 6 months from now The...
You dhia is paning toatnd umner camp for 3 months tarting 6 months from now The cost of the camp is $4,000 per month, each month for the 3 months she will attend. If your investments earn 5% APR (compounded monthly) how much must you invest each month starting next month, for 3 months, such that your investment would just cover the cost of the camp? O $11,889 $11,656 $3,996 $3,918 $4,000 $4,080
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 are planning to send your child to a summer camp in 10 months. The camp...
You are planning to send your child to a summer camp in 10 months. The camp will cost you $1,500 at that time. You have decided to invest a lump sum of money now that will grow to $1,500 by the time it is needed. Assuming the money grows at a nominal annual interest rate of 18% compounded daily, how much money should you set aside now to have the funds available when needed?
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
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? O$154 O $151 $131 O $145 $148
Your cable bill is $122 per month (starting next month) If your investments earn 3.00% APR...
Your cable bill is $122 per month (starting next month) If your investments earn 3.00% APR (Compounded monthly), how much would you have to invest today to have your investment just cover 12 months worth of cable service. $1,412 $1,469 $1,440 $1,239 $1,214
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?
Your cable bill is $122 per month (starting next month) If your investments earn 4.00% APR...
Your cable bill is $122 per month (starting next month) If your investments earn 4.00% APR (compounded monthly) how much would you have to invest today to have your investment justc worth of cable service over 12 months
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?
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 dhia is paning toatnd umner camp for 3 months tarting 6 months from now The cost of the camp is $4,000 per month, each month for the 3 months she will attend. If your investments earn 5% APR (compounded monthly) how much must you invest each month starting next month, for 3 months, such that your investment would just cover the cost of the camp? O $11,889 $11,656 $3,996 $3,918 $4,000 $4,080
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? O$154 O $151 $131 O $145 $148
Your cable bill is $122 per month (starting next month) If your investments earn 4.00% APR (compounded monthly) how much would you have to invest today to have your investment justc worth of cable service over 12 months
Most questions answered within 3 hours.
-
How do ratios help you determine trends? What specific
information do managers look at? Is there...
asked 2 minutes ago -
A wavelength of 514 nm is used to find an unknown diffraction
grating. If the separation...
asked 4 minutes ago -
Use the central limit theorem to find the mean and standard
error of the mean of...
asked 11 minutes ago -
You will be given a file that will contain averages for classes
which are divided into...
asked 19 minutes ago -
A Pew Research Center poll surveyed a random sample 850 voters
and asked them if they...
asked 22 minutes ago -
Design a class named
NumDays, to
store a value that represents a number of hours and...
asked 25 minutes ago -
(R)-2-chloro-(S)-3-bromobutane and
(S)-2-chloro-(S)-3-bromobutane are: A. enantiomers. B.
diastereomers. C. meso compounds. D. the same molecule.
asked 36 minutes ago -
1_ What is the Frank-Starling law of the heart? And why the
heart cannot function on...
asked 41 minutes ago -
The method of tree ring dating gave the following years A.D. for
an archaeological excavation site....
asked 52 minutes ago -
Calculate (in N) the force a mother must exert to hold her 12.0
kg child in...
asked 49 minutes ago -
A new lie-detector test has been devised and must be tested
before it is put into...
asked 1 hour ago -
Calculate the number of ATP produced from the complete oxidation
of myristic acid.
Determine how many...
asked 1 hour ago