Question
2. Your mother has asked for your help. She would like to save up $30,000 to take your family on a trip in 3 years.
2. Your mother has asked for your help. She would like to save up $30,000 to take your family on a trip in 3 years. She wants to make monthly deposits into an account that she thinks will pay 6%. How much must she invest each month to reach her goal?
3. You are excited to start investing and have found an ETF that you hope will continue to earn an interest rate of 10% per year. You plan to make bi-weekly deposits of $50 and you will make your first deposit today. How much will you have in 5 years? (Enter only numbers and decimals in your response. Round to 2 decimal places.)
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