Question
1. If you deposit $8,076 today in an account that pays 4.31% APR (compounded monthly), how much will you have in the account in 34
1.
If you deposit $8,076 today in an account that pays 4.31% APR (compounded monthly), how much will you have in the account in 34 years?
2.
You would like to buy a house and will need a down payment of $19,038 in 6 months.
How much would you have to invest, each month, starting next month, for 6 months to exactly pay for the down payment if your investments earn 3.44% APR compounded monthly?
3. As a graduation present, you decide to pay for 9 months of your childs rent, starting next month. Each months rent is $806. If your investments earn 3.36% APR (compounded monthly), how much would you have to invest today to exactly pay for the rent?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
