rate positively ..
Computation of future value | ||||
Future value = | 7000*(1+2%)+7000 | |||
14140 | ||||
Therefore answer = option a_ | $ 14,140 |
e $7,000 per year, count that pays 2.0% 10. You want to buy a new ski...
You want to buy a new sports car 3 years from now, and you plan to save $4,200 per year, beginning one year from today. You will deposit your savings in an accountthat pays 5.2% interest. How much will you have just after you make the 3rd deposit, 3 years from now?
want to buy a condo 5 years from now, and plant to save $5000 per year, beginning one year from today. the money will be deposited in an account that pays 6% interest. how much will you have just after you make the 5th deposit, 5 years from now
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MINDTAP Q Search this n. 5 Quiz Submit Test for Grading Save MC.05.091 Question 4 of 5> You want to buy a new sports car 3 years from now, and you plan to save $6.200 per year, beginning one year from today. You will deposit your savings in an account that pays 5.2% interest. How much will you have just after you make the grd deposit, 3 years from now? O a. $19,583.96 O b. $24,284,12 O C $22,521.56 d....
You want to buy a new surfboard 12 years from now. You have $600 in the bank today. You can earn 7% on your savings. If the surfboard will cost $5,000, how much will you have to save every year to have enough to buy it? Round your answer to 2 decimals, for example 100.12
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