Question 10 1 pts If you want $10,000 ten years from now and you earn 7.5...
You want to have $11,000 saved ten years from now. How much less do you have to deposit today to reach this goal if you can earn 7% rather than 6% on your savings?
Question 2 pts You want to take a cruise vacation 4 years from now when you complete graduate school. You estimate that you will need $5,000 when you complete graduate school to pay for the cruise. If you can earn 9.8% interest on your deposits, how much would you have to deposit today to be able to pay for the cruise when you graduate? Round your answer to 2 decimals. For example, $100.12. D Question 2 2 pts You will...
Question 7 5 pts You want to go to Europe 5 years from now, and you can save $3.500 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 7.3% per year. Under these conditions, how much would you have just after you make the 5th deposit. 5 years from now? Your answer should be between 18,055.00 and 24,575.00, rounded to 2 decimal places, with no special characters....
An investment offers $10,000 at the end of each year for ten years. a. If you can earn 10 percent annually, what is this investment worth today? b. If you do not spend the annual payment but invest it at 10 percent, how much will you have after the ten years have lapsed?
BCOR 311 4. You want to have $25,000 in cash to buy a car 2 years from today. You expect to earn 8 percent compounded annually, on your savings. How much do you need to deposit today if this is the only money you save for this purpose? Show calculations or calculator inputs.
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?
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?
3(a). You want to retire 50 years from now, and you want access to ten million dollars ($10,000,000) when you do. You decide to put some money towards buying a certificate of deposit that’ll be worth 10 mil in 50 years. The CD has an annual interest rate of 8%, and it compounds quarterly. How much do you have to put into this deposit?3 (b). Let’s say you put an equal amount of money into a simple interest account with...
You just graduated from college and decide to start saving for a down payment to buy a house 5 years from today. You estimate you will need $20,000 in 5 years for the down payment. (Note: a down payment is a deposit a home buyer must make in order to get a mortgage loan from a bank to buy the house.) 1. Assume you can earn 6% interest (APR) on your savings, and you want to make a single deposit...
DQuestion 4 1 pts You plan to retire 30 years from now. You will save $1,000 per year for the next 15 years, and then $2,000 for the 15 years after that. You can earn 8% on your savings. How much will you have 30 years from now? Round your answer to the nearest whole number, for example 1441 D Question 5 1 pts You will save $11,000 per year for the next 30 years. You will earn 12% on...