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13 a. How much would you have to deposit today if you wanted to have $60,000 in 4 years? Annual interest rate is 9%. b.
13 a. How much would you have to deposit today if you wanted to have $60,000 in 4 years? Annual interest rate is 9%. b. Assume that you are saving up for a trip around the world when you graduate in 2 years. If you can earn 8% on your investments, how much would you have to deposit today to have $15,000 when you graduate? c-1. Calculate the future value of an investment of $463 for 10 years earning an interest of 9%. c2. Would you rather have $463 now or $1,000 ten years from now? d. Assume that a college parking sticker today costs $90. If the cost of parking is increasing at the rate of 5% per year, how much will the college parking sticker cost in 8 years
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