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1-5 please Chapter 8 In class assignment-submitted in Canvas Use these factors to answer questions n i PV$1 FV$1 PVA FVA 4 6% 0.79209 1.26248

image text in transcribed1-5 please
Chapter 8 In class assignment-submitted in Canvas Use these factors to answer questions n i PV$1 FV$1 PVA FVA 4 6% 0.79209 1.26248 3.46511 4.3746 6 9% 0.59627 1.67710 4.48592 7.5233 72 0.75% 0.58392 1.71255 55.47685 95.0070 1. You want to have $30,000 at the end of 6 years to buy a new car. How much should you save each month to achieve your goal if you can earn 9%? $ (round to nearest dollar) 2. You want to buy a $30,000 car today and will be making monthly payments for the next 6 years. What is your car payment if your borrowing rate is 9%? $ (round to nearest dollar) 3. You accepted a job offer with a local company that has offered to give you a signing bonus of $10,000 today or you can wait and get a $12,000 bonus in 4 years (guaranteed). Your current investment rate is 6%. What is the best economic decision, take the bonus today or wait 4 years? 4. You plan to invest $5,000 every year for the next 6 years. What will be the value of your investment at the end of the 6 years if you can earn 9% annual interest? $_ _(round to nearest dollar) 5. Your grandparents have decided to give you $10,000 for school but they want to wait 4 years to give it to you. Assuming your grandparents are earning 6% annually, how much do they need to invest so that have the $10,000 to give you in 4 years? $ (round to nearest dollar)

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