(1 point) Charlie wants to buy a $800 stereo set in 15 weeks. How much should...
HW17: Problem 2 Previous Problem Problem List Next Problem (4 points) Charlie wants to buy a $300 stereo set in 9 weeks. How much should he invest now at 11% annual simple interest to have the money in 9 weeks? Investment = $ Preview My Answers Submit Answers You have attempted this problem 0 times. You have unlimited attempts remaining.
Gabe wants to buy a computer in one year. He is working part time earning $800 per month. The computer Gabe wants to buy cost $2500. He decides to invest money in securities that pay a monthly rate of 1%. How much should Gabe put aside every month to accumulate the required amount.
Gabe wants to buy a computer in one year. He is working part time earning $800 per month. The computer Gabe wants to buy cost $2500. He decides to invest money in securities that pay a monthly rate of 1%. How much should Gabe put aside every month to accumulate the required amount.
Charlie Stone wants to retire in 30 years, and he wants to have an annuity of $1,000 a year for 20 years after retirement Charlie wants to receive the first annuity payment at the end of the 30th year. Using an interest rate of 10%, how much must Charlie invest today in order to have his retirement annuity (round to the nearest S10) A cash flow series is increasing geometrically at a rate of 6% per year. The initial cash...
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...
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QUESTION 3 (9 marks) 3.1 Markus wants to buy a plot after 120 months. He wants to have N$95 000 at the time of purchase. How much should he invest in a savings account that pays simple interest at 11%? [4] 3.2 Calculate the amount payable on a loan of N$15000 for 5 years at the rate of 10% p.a compounded quarterly. [5]
Jane Roznowski wants to invest some money now to buy a new tractor in the future. If she she wants to have $350,000 available in 4 years, how much does she she need to invest now in a CD paying 5.25% interest compounded monthly?
her secured investments. How much should she invest today to meet this purpose? 3. Amna wants to deposit $5000 into a saving fund at the beginning of each month. If she can earn 12% compounded interest semiannually how much amount will be there in he saving fund at the end of 8 years?
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
Instructions: Read each item below. Use the PVIF and FVIF tables and the simple interest formula to help answer the items below. Joel is going to put $2500 in a savings account at a local bank. The savings account will earn Joel 8% annually, simple interest. How much will Joel have in his account if he leaves the money there for 5 years? 10 years? If Joel had put the $2500 in an account in which the interest compounded annually,...