(1 point) John wants to buy a new sports car, and he estimates that he'll need...
(1 point) John wants to buy a new sports car, and he estimates that he'l need to make a $3,300.00 down payment towards his purchase. If he has 27 months to save up for the new car, how much should he deposit into his account if the account earns 2.796% compounded continuously so that he may reach his goal? John needs to deposit (Note: Your answer should have a dollar sign and be accurate to two decimal places)
> webwork / ma162-su20 golenbiewski / hw18 / 7 HW18: Problem 7 Previous Problem Problem List Next Problem (1 point) John wants to buy a new sports car, and he estimates that he'll need to make a $3,225.00 down payment towards his purchase. If he has 23 months to save up for the new car, how much should he deposit into his account if the account earns 5.53% compounded continuously so that he may reach his goal? John needs to...
Max wants to buy a new car in 10 years and estimates that he will need $25,000 to purchase the vehicle of his choice. How much will he have to save annually given that he is in the 25% tax bracket and estimates to earn 6.0% in the market? A) $1,917 B) $2,745 C) $1,864 D) $2,034 E) $2,304
1. Shroug w rok wants to invest AED 800.000 in cash to buy a new car 4 years from today. She expects to cam 7 percent per year, compounded annually on her savings. How much should she get to meet this purpose? 2. What is the present value of AED 45.000 deposited for 6 years at 10 percent per annum interest compounded annually? 3. If you wish to accumulate AED 200,000 in 5 years, how much must you deposit today...
John is planning to buy a house in three years. He thinks he needs to put down $55,000 in three years as a down payment. Currently John has $15,000. He would like to start saving in a bank that offers 8% annual interest rate. How much should John save every month into that bank account so that he can accomplish his goal?
Don Williams wants to buy a boat five years from today. He will need $40,000. Calculate how much he needs today to put in the bank (10% compounded semiannually) to reach his goal in the future. (Round your answer to the nearest cent.)
John plans to buy a vacation home in 3 years from now and wants to have saved $60,518 for a down payment. How much money should he place today in a saving account that earns 7.95 percent per year (compounded daily) to accumulate money for his down payment? Round the answer to two decimal places
John plans to buy a vacation home in 11 years from now and wants to have saved $49,349 for a down payment. How much money should he place today in a saving account that earns 9.73 percent per year (compounded daily) to accumulate money for his down payment? Round the answer to two decimal places
John plans to buy a vacation home in 10 years from now and wants to have saved $60,326 for a down payment. How much money should he place today in a saving account that earns 9.90 percent per year (compounded daily) to accumulate money for his down payment? Round the answer to two decimal places
John plans to buy a vacation home in 5 years from now and wants to have saved $39,868 for a down payment. How much money should he place today in a saving account that earns 9.45 percent per year (compounded daily) to accumulate money for his down payment? Round the answer to two decimal places