You dhia is paning toatnd umner camp for 3 months tarting 6 months from now The...
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?
Your child is planning attend summer camp for three months, starting 7 months from now. The cost for camp is $1,000 per month, each month, for the three months she will attend. If your investments earn 5% APR (compounded monthly), how much must you invest each month, starting two months from now, for 3 months such that your investment will grow to just cover the cost of the camp? $1,000 $1,004 $979 $996
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 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
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 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 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 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 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 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