QUESTION 4 Ashley wants to buy a new computer in 5 years. She expects the cost...
Short question answers 1. Khawla wants to have AED 900,000 in cash to buy a new car 4 years from today. She expects to earn 9 percent per year, compounded annually, on her savings. How much should she deposit today to meet this purpose? 2. What is the future value of AED 85,000 deposited for 7 years at 10 percent interest compounded annually?
Ingrid wants to buy a $15,000 car in 5 years. How much money must she deposit at the end of each quarter in an account paying 5.9% compounded quarterly so that she will have enough to pay for her car? How much money must she deposit at the end of each quarter? SI (Round to the nearest cent as needed.)
Ingrid wants to buy a $22,000 car in eight years. How much money must she deposit at the end of each quarter in the account paying 5.2% interest compounded quarterly so that she will have enough to pay for her car?
**PLEASE USE yn=(b/1-a)+(yo-b/1-a)(a^n) a. Sharon wants to retire in 30 years time, and so decides to start a new retirement savings account. She wants to accumulate 250000 dollars by the time she retires. Initially, Sharon deposits 2000 dollars into the account. She will make further deposits at the end of each month. The account will earn interest at annual rate 8 percent, compounded monthly. How much will she have to deposit into the account each month in order to reach...
Ingrid wants to buy a $20,000 car in 7 years. How much money must she deposit at the end of each quarter in an account paying 5.1% compounded quarterly so that she will have enough to pay for her car?
Ingrid wants to buy a $19,000 car in 7 years. How much money must she deposit at the end of each quarter in an account paying 5.6% compounded quarterly so that she will have enough to pay for her car?
Jane Roznowski wants to invest some money now to buy a new tractor in the future. If she wants to have $325,000 available in 5 years, how much does she need to invest now ina CD paying 4.15% interest compounded monthly? Jane needs to invest $now (Round to the nearest cent as needed.) Jane Roznowski wants to invest some money now to buy a new tractor in the future. If she wants to have $325,000 available in 5 years, how...
Ingrid wants to buy a $22.000 in 7 years. How much money must she deposit the end of each cure paying 55 compounded quatory so that she will have tough to pay for her car? How much money must she deposit at the end of each quarter Round to the nearest contas neded)
ingrid wants to buy car in 7 years. How much money must she deposit at the end of each quarter in an account paying 5.1% compunded quarterly so that she will have enough to pay for her car? wants to buy a $16,000 car
4. [0/4 Points] DETAILS PREVIOUS ANSWERS Frad wants to take out a loan. Suppose he can afford to make monthly payments of 600 dollars and the bank charges interest at an annual rate of 6 percent, compounded monthly What is the maximum amount that Fred could afford to borrow if the loan is to be paid off eventually? (Give your answer, in dollars, correct to the nearest dollar) amount he can borrow = [0/4 Points) DETAILS PREVIOUS ANSWERS Derek wants...