Amount to be deposited at the end of each quarter is calculated using the PMT function as follows:
=PMT(rate,nper,pv)
=PMT(5.4%/4,7*4,-22000)
=948.78
Ingrid wants to buy a $22.000 in 7 years. How much money must she deposit the...
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 $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?
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
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?
Ingrid wants to buy $17,000 car in five years. How much money machine deposit at the end of each quarter in an account paying 5.4% compounded quarterly so that she will have enough to pay for her car?
MATH 0224 - P55 Moses Garcia 10/31/19 9:40 PM Sav Homework: Week 10 Score: 0 of 1 pt X Bus Econ 5.2.58 2 of 12 (2 complete) HW Score: 8.33%, 1 of 12 Question Help ! Ingrid wants to buy a $20,000 car in 6 years. How much money must she deposit at the end of each quarter in an account paying 58% compounded quarterly so that she will have enough to pay for her car? How much money must...
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...
Pat has a Keogh retirement plan (this type of plan is tax-deferred until money is withdrawn). If deposits of $10,000 are made each year into an account paying 8% compounded annually, how much will be in the account after 23 years? What will be the total amount of interest earned? The amount in the account after 2 years is $ (round to the nearest cent, as needed). The amount of interest earned is s (round to the nearest cent, as...
Exercise 9-3 Margaret wants to buy a car when she graduates from Central University 5 years from now. She believes that she will need $29,300 to buy the car. (a) Calculate how much money Margaret must put into her savings account today to have $29,300 in 5 years, assuming she can earn 10% compounded annually. Amount $_________________ (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, e.g....