#15

Ten years from now. you will be inheriting $100, 000. What is the inheritance worth to you today you can earn 5 5 present interest, compounded annually? FV-100.000 N-10K-5 5 PV=$58, 543.06 You want to have $45, 000 in cash to buy a car 4 years from today. You expect to earn 4, 5 present, compounded amity. on your savings How much do you need to deposit today If this is the only money you save for this purpose? FV-45 000N-4 K-4.3 FV=$37.735.26 Steve is com tiring investing $3, 600 a year for 40 years How much will this investment be worth at the end of the 40 years if he earns an average annual rate of return of 11.6 present? Assume Steve invests his first payment of the end of this year PMT-3 600 N-40K-11 6 FV=$256.913.56 You w reserve annual payments of $2, 400 at the end of each year for 15 years The first payment will be received m year 6. What is the present value of these payments i the discount rate is 7 present? PMT-2 400 N-15 K-7 fV=$21jB 58.99 Today you are borrowing $13, 800 to purchase a car What will be your monthly payment amount