how much must be deposited today into the following account in order to have $40,000 in 5 years for a down payment on a house? Asssume no additional deposits are made. An account with monthly compounding and an APR of 6%. how much should be deposited today?
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How much must be deposited today into the following account in order to have $55,000 in 8 years for a down payment on a house? Assume no additional deposits are made. An account with that compounds annual at an APR of 4%
How much must be deposited today into the following account in order to have a $105,000 college fund in 13 years? Assume no additional deposits are made. An account with annual compounding and an APR of 5.7% $ should be deposited today. (Do not round until the final answer. Then round to the nearest cent as needed.)
Suppose you start saving today for a $40,000 down payment that you plan to make on a house in 5 years. Assume that you make no deposits into the account after the initial deposit. For the account described below, how much would you have to deposit now to reach your $40,000 goal in 5 years. An account with daily compounding and an APR of 7% You should invest $ (Do not round until the final answer. Then round to two...
answers only please How much must be deposited at the beginning of each year an account that pays 7%, compounded annually so that the account will contain $32,000 at the end of 5 years? (Round your answer to the nearest cent) $ Need Help? What is the size of the payments that be deposited at the beginning of each 6-month period in an account that pays 5.2%, compounded semiannually, so that the account will have a future value of $140,000...
How much must be deposited today in an account earning 6% annually to accumulate a 20% down payment to use in purchasing a car one year from now, assuming that the car's price one year from now is $20,800? Select one: a. $3,782 b. $3,774 c. $4,080 d. $3,925
How much must be deposited today in an account earning 6% annually to accumulate a 20% down payment to use in purchasing a car one year from now, assuming that the car's price one year from now is $20,800? Select one: a. $3,782 b. $3,774 c. $4,080 d. $3,925
1) (3 pts) Bob would like to have a total savings of $30,000 in 6 years to use as a down payment on a future house purchase. He has no money saved up now, but plans on depositing $350 per month at the end of every month to save for this goal. What is the periodic interest rate Bob must earn to reach his goal? What is the Annual Percentage rate? 1 Periodic *.ㅡ I Nominal (APR)- % 2) (3...
In order to accumulate enough money for a down payment on a house, a couple deposits $407 per month into an account paying 6% compounded monthly. If payments are made at the end of each period, how much money will be in the account in 5 years? Type the account in the account: $_______
please answer all of the following questions 25. You currently owe $26,000 on a car loan at 4.25 percent interest. If you make monthly payments of $596.59 per month, how long i.e., number of months rounded to one decimal place) will it take you to fully repay the loan? 26. It is now January 1. You plan to make 5 deposits of $300 each, one every 6 months, with the first payment being made exactly six months from today. If...
1. In order to accumulate enough money for a down payment on a house, a couple deposits $507 per month into an account paying 3% compounded monthly. If payments are made at the end of each period, how much money will be in the account in 5 years? 2. A company estimates that it will need $125,000 in 16 years to replace a computer. If it establishes a sinking fund by making fixed monthly payments into an account paying 3.3%...