You want to save for your child’s college. Your child will start to college in 18...
You want to save for your child’s college. Your child will start to college in 18 years and you want to have $152698 at that time. You find a saving plan that will pay 6.0% compounded weekly (52 times per year). How much will you have to deposit weekly to accomplish this?
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You want to save for your child’s college. Your child will start
to college in 18...
Your child is currently 2 years old. You plan to save for the child’s college education...
Your child is currently 2 years old. You plan to save for the child’s college education expenses by depositing 5% of your annual salary into an account that pays 6% interest compounded annually. If your salary is $100,000 next year when you make the first deposit, and you expect your salary to grow at 4% a year after that. How much do you have saved in 16 years when your child goes to college?
You want to save for your newborn child’s college education. You can invest in a tax...
You want to save for your newborn child’s college education. You can invest in a tax free bond which pay 7% annual interest rate, compounded continuously. How much should you invest (principle) today so that you will have $100,000 in 18 years?
7. Kim and Morgan want to start a college fund for their child. They want to...
7. Kim and Morgan want to start a college fund for their child. They want to have $50,000 in the account by the time the child turns 18 years old. They will deposit $5000 the day they open the account. If the account has an annual interest rate of 4.5%/year compounded monthly, how much should they deposit every month to ensure that they reach their savings goal?
7. Kim and Morgan want to start a college fund for their child. They want to...
7. Kim and Morgan want to start a college fund for their child. They want to have $50,000 in the account by the time the child turns 18 years old. They will deposit $5000 the day they open the account. If the account has an annual interest rate of 4.596/year compounded monthly, how much should they deposit every month to ensure that they reach their savings goal? SEIKI
You decided to start saving for your child's college tuition. Your child will start college in...
You decided to start saving for your child's college tuition. Your child will start college in 25 years. There will be 4 annual tuition payments of $30,000 each. The first payment will be 25 years from now. You will start saving one year from now and will put aside the same amount at the end of every year for 25 years. How much do you have to save every year to have enough to pay the tuition payments. Your savings...
7. You plan to establish a college education fund for your child. The current cost for...
7. You plan to establish a college education fund for your child. The current cost for college is $12,000 per year and you expect this cost to increase by $600 per year. You plan to deposit money into an account earning 10% yearly nominal interest, compounded monthly, at the end of each year for the next 17 years. You will withdraw the amount required for college in the end of years 18 to 21 to pay for college for years...
cation fund for your child. The current cost for college 7 You plan to establish a...
cation fund for your child. The current cost for college 7 You plan to establish a college education fund for your child. The 000 per vear and you expect this cost to increase by $600 per year. You plan to deposit money into an account earning 10% yearly nominal interest, compounde monthly, at the end of each year for the next 17 years. You will withdraw the ar required for college in the end of years 18 to 21 to...
You want to start saving for your daughter's college education now. She will enter college at...
You want to start saving for your daughter's college education now. She will enter college at age 18 and will pay fees of $4,000 at the end of each of the four years. You will start your savings by making a deposit in one year and at the end of every year until she begins college. If annual deposits of $2,458.79 will allow you to reach your goal, how old is your daughter now? Assume you can earn 6% annual...
You want to have $78,000 in 16 years to help your child attend college. If you...
You
want to have $78,000 in 16 years to help your child attend college.
If you can esrn an annual interest rate of 3.4 percent, how much
will you have to deposit today?
You want to have $78,000 in 16 years to help your child attend college. If you can earn an annual interest rate of 3.4 percent, how much will you have to deposit today? Multiple Choice $45,684.20 $44,182.01
Your bank will pay you an interest rate of .077 percent compounded weekly. You want to...
Your bank will pay you an interest rate of .077 percent compounded weekly. You want to have $20,000 in 6 years. How much will you have to deposit today? Assume 52 weeks per year.
7. Kim and Morgan want to start a college fund for their child. They want to have $50,000 in the account by the time the child turns 18 years old. They will deposit $5000 the day they open the account. If the account has an annual interest rate of 4.5%/year compounded monthly, how much should they deposit every month to ensure that they reach their savings goal?
7. Kim and Morgan want to start a college fund for their child. They want to have $50,000 in the account by the time the child turns 18 years old. They will deposit $5000 the day they open the account. If the account has an annual interest rate of 4.596/year compounded monthly, how much should they deposit every month to ensure that they reach their savings goal? SEIKI
7. You plan to establish a college education fund for your child. The current cost for college is $12,000 per year and you expect this cost to increase by $600 per year. You plan to deposit money into an account earning 10% yearly nominal interest, compounded monthly, at the end of each year for the next 17 years. You will withdraw the amount required for college in the end of years 18 to 21 to pay for college for years...
cation fund for your child. The current cost for college 7 You plan to establish a college education fund for your child. The 000 per vear and you expect this cost to increase by $600 per year. You plan to deposit money into an account earning 10% yearly nominal interest, compounde monthly, at the end of each year for the next 17 years. You will withdraw the ar required for college in the end of years 18 to 21 to...
You
want to have $78,000 in 16 years to help your child attend college.
If you can esrn an annual interest rate of 3.4 percent, how much
will you have to deposit today?
You want to have $78,000 in 16 years to help your child attend college. If you can earn an annual interest rate of 3.4 percent, how much will you have to deposit today? Multiple Choice $45,684.20 $44,182.01
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