48. It’s Friday, and you decide to save your change from your pockets each day for the coming week and, take the amount each Friday to save in the bank. If you save $20 a week for 10 years at 6 percent interest? Assume the first payment occurs at the end of the first week and that there are exactly 52 weeks in a year, how much will you have saved in 10 years?
49. The Hippie Food Store is planning a major expansion for 4 quarters (a year) from today. In preparation for this, the company is setting aside $50,000 each quarter, starting today, for the next 3 quarters, 4 amounts in total. How much money will the firm have when it is ready to expand if it can earn an average of 6 percent on its savings?
50. A kid has decided to save 20% of his “paper-round” weekly pay, or $10 in an online appthat invests small amounts in the stock market. If the kid makes her first deposit today, and does the same for the rest of the year, how much will she have at the end of the year if the average weekly returnon the broad stock market is expected to be .134% (you should assume 52 weeks in a year, AND she makes 52 deposits at the beginning of each week)?
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48. It’s Friday, and you decide to save your change from your pockets each day for...
The Hippie Food Store is planning a major expansion for 4 quarters (a year) from today. In preparation for this, the company is setting aside $50,000 each quarter, starting today, for the next 3 quarters, 4 amounts in total. How much money will the firm have when it is ready to expand if it can earn an average of 6 percent on its savings? A kid has decided to save 20% of his “paper-round” weekly pay, or $10 in an...
Your bank will pay you an interest rate of .077 percent compounded weekly. You want to have $20,000 in 6 years. How much will you have to deposit today? Assume 52 weeks per year.
Your bank will pay you an interest rate of .137 percent compounded weekly. You want to have $26,000 in 8 years. How much will you have to deposit today? Assume 52 weeks per year. $14,906.72 $24,213.38 $15,037.48 $14,992.67 $14,710.57
Your bank will pay you an interest rate of .112 percent per week. you want to have $23,500 in 8 years. How much will you have to deposit today? Assume 52 weeks per year.
Your bank will pay you an interest rate of .127 percent per week. You want to have $25,000 in 6 years. How much will you have to deposit today? Assume 52 weeks per year.
You are saving for retirement. To live comfortably, you decide you will need to save $ 4,000,000 by the time you are 65. Today is your 20 th birthday, and you decide, starting today and continuing on every birthday up to and including your 65 th birthday, that you will put the same amount into a savings account. If the interest rate is 6 %, how much must you set aside each year to make sure that you will have...
In Python, Create a program that will calculate how much money you will save. Your program needs to ask the user how many months they wish to save for, how many weeks during a month they wish to save and how much money they are willing to save with each weekly paycheck. It will then total the amount saved for each month and in total. Your input statement needs to look like the following: How many months are you saving...
You are saving for retirement. To live comfortably, you decide you will need to save $1,000,000 by the time you are 65. Today is your 25th birthday, and you decide, starting today and continuing on every birthday up to and including your 65th birthday, that you will put the same amount into a savings account. If the interest rate is 7%, how much must you set aside each year to make sure that you will have $1,000,000 in the account on your...
You are saving for retirement. To live comfortably, you decide you will need to save $4 million by the time you are 65. Today is your 20th birthday, and you decide starting today and continuing on every birthday up to and including your 65th birthday, that you will put the same amount into a savings account. If the interest rate is 5%, how much must you set aside each year to make sure that you will have $4 million in...
You are saving for retirement. To live comfortably, you decide you will need to save $1 million by the time you are 65. Today is your 30th birthday, and you decide, starting today and continuing on every birthday up to and including your 65th birthday, that you will put the same amount into a savings account. If the interest rate is 8%, how much must you set aside each year to make sure that you will have $1 million in...