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(1 point) A mutual fund pays 9% compounded monthly. How much should I invost now so...
HW18: Problem 3 Previous Problem Problem List Next Problem (4 points) A mutual fund pays 6%...
HW18: Problem 3 Previous Problem Problem List Next Problem (4 points) A mutual fund pays 6% compounded monthly. How much should I invest now so that 6 years from now I will have $3700 in the account? Amount = $ 20910.3 Preview My Answers Submit Answers You have attempted this problem 4 times. Your overall recorded score is 0%. You have unlimited attempts remaining.
How much must you invest each month in a mutual fund yielding 12.6% compounded monthly to...
How much must you invest each month in a mutual fund yielding 12.6% compounded monthly to become a millionaire in 10 years? (Round your answer to the nearest cent.) $
,000 for 3. Suppo e it i" now 10years later, and wait tobaya-rest at 6% i You pay 810 the rest monthly) (a) Find the monthly payment years required to amorti b) How much total will you pay in...
,000 for 3. Suppo e it i" now 10years later, and wait tobaya-rest at 6% i You pay 810 the rest monthly) (a) Find the monthly payment years required to amorti b) How much total will you pay in interest for this loan? 4. Now suppose that instead of buying a house, you decided to rent one for less (and spend the $10,000 on a luxury vacation). You can use the monthly savings to deposit $500 at the end of...
You are going to deposit $3,000 in an account that pays .36 percent interest compounded monthly. How much will you have...
You are going to deposit $3,000 in an account that pays .36 percent interest compounded monthly. How much will you have in 6 years?
You are going to deposit $4,000 in an account that pays .46 percent interest compounded monthly . How much will you hav...
You
are going to deposit $4,000 in an account that pays .46 percent
interest compounded monthly . How much will you have in 8 years
?
You are going to deposit $4,000 in an account that pays.46 percent interest compounded monthly. How much will you have in 8 years? Multiple Choice Ο 56,243.06 Ο $6,186.02 Ο S6 24 48
Andrea, a self-employed individual, wishes to accumulate a retirement fund of $350,000. How much should she...
Andrea, a self-employed individual, wishes to accumulate a retirement fund of $350,000. How much should she deposit each month into her retirement account, which pays interest at a rate of 2.5%/year compounded monthly, to reach her goal upon retirement 35 years from now? (Round your answer to the nearest cent.)
Andrea, a self-employed individual, wishes to accumulate a retirement fund of $650,000. How much should she...
Andrea, a self-employed individual, wishes to accumulate a retirement fund of $650,000. How much should she deposit each month into her retirement account, which pays interest at a rate of 2.5%/year compounded monthly, to reach her goal upon retirement 25 years from now? (Round your answer to the nearest cent.) $
1. Andrea, a self-employed individual, wishes to accumulate a retirement fund of $250,000. How much should...
1. Andrea, a self-employed individual, wishes to accumulate a retirement fund of $250,000. How much should she deposit each month into her retirement account, which pays interest at a rate of 2.5%/year compounded monthly, to reach her goal upon retirement 35 years from now? (Round your answer to the nearest cent.) 2. Joe secured a loan of $13,000 five years ago from a bank for use toward his college expenses. The bank charges interest at the rate of 3%/year compounded...
Suppose I have an annual gross income of $60,000. I want to invest 8% each month and my employer will match 4%. Liberty Mutual offers 3% annual interest compounded monthly. (14) How much money will be...
Suppose I have an annual gross income of $60,000. I want to invest 8% each month and my employer will match 4%. Liberty Mutual offers 3% annual interest compounded monthly. (14) How much money will be invested each month? (15) Now, in January the first investment is made with the amount you found in #14. How much is in the account at the end of 1 year based on this initial investment? (16) In February, a second investment is made...
Madelyn opened a retirement account with $20,000. The fund pays 3.9% interest compounded monthly. Madelyn expects...
Madelyn opened a retirement account with $20,000. The fund pays 3.9% interest compounded monthly. Madelyn expects to retire in 35 years. She also does not plan to make any payments into this account. She used the TVM Solver to help her predict how much her retirement fund will be worth in 35 years (see below). What did she do incorrectly? What can she do to fix her mistake? N = 420, I% = .325, PV = -$20,000, FV = ?,...
HW18: Problem 3 Previous Problem Problem List Next Problem (4 points) A mutual fund pays 6% compounded monthly. How much should I invest now so that 6 years from now I will have $3700 in the account? Amount = $ 20910.3 Preview My Answers Submit Answers You have attempted this problem 4 times. Your overall recorded score is 0%. You have unlimited attempts remaining.
,000 for 3. Suppo e it i" now 10years later, and wait tobaya-rest at 6% i You pay 810 the rest monthly) (a) Find the monthly payment years required to amorti b) How much total will you pay in interest for this loan? 4. Now suppose that instead of buying a house, you decided to rent one for less (and spend the $10,000 on a luxury vacation). You can use the monthly savings to deposit $500 at the end of...
You
are going to deposit $4,000 in an account that pays .46 percent
interest compounded monthly . How much will you have in 8 years
?
You are going to deposit $4,000 in an account that pays.46 percent interest compounded monthly. How much will you have in 8 years? Multiple Choice Ο 56,243.06 Ο $6,186.02 Ο S6 24 48
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