6) What is the monthly payment on a $22,000, 5 year car loan at 3.5%? IY PV PMT FV N 7) If Butch puts $1,200 in a savings account today that eams 5%, compounded annually. how much will he have in 29 years? N I/Y PV PMT FV 8) Sandy likes Slurpees. She buys 2 a day and they cost $2 each. On her 20 birthday, she decides to give up one Slurpee a day and instead saves that money by depositing 560 a month into a savings account that earns 5.5%, how much money will she have when she is 35? (Assume monthly compounding.) N Y PV PMT FV 9) Dawn wants to take a weekend trip to Vegas in 5 years. She wants to take $6,000 of spending money. Assuming she can earn 6.5%, compounded monthly, how much money does she need to save every month to be sure she has the S6,000? N1/Y PVPMT FV 10) If Fred can save $3 a day and deposit his savings every month in an investment that cams 8% annually compounded monthly, how much money will he have in 47 years? (Assume 30 days per month.) NIY PVPMT FV 11) How much money must Rita deposit today to ensure she will have $27,000 for a new car in 20 years? Assume her investment is at a rate of 4.25%, compounded quarterly. NI/Y PVPMT FV 12) What is the monthly payment on a $22,000, 5 year car loan at 4.5%? NI/Y PVPMT FV 6) What is the monthly payment on a $22,000, 5 year car loan at 3.5%? 65 Y 3.5 22000 PV PMT FV S 7) If Butch puts $1,200 in a savings account today that earns 5%, compounded annually. how much will he have in 29 years? 29 NO PMT FV 8) Sandy likes Slurpees. She buys 2 a day and they cost $2 each. On her 20 birthday, she decides to give up one Slurpee a day and instead saves that money by depositing $60 a month into a savings account that earns 5.5%, how much money will she have when she is 35? (Assume monthly compounding.) NI/Y PVPMT FV 9) Dawn wants to take a weekend trip to Vegas in 5 years. She wants to take $6,000 of spending money. Assuming she can eam 6.5%, compounded monthly, how much money does she need to save every month to be sure she has the $6,000? N I/Y PV PMT FV 10) If Fred can save $3 a day and deposit his savings every month in an investment that earns 8% annually compounded monthly, how much money will he have in 47 years? (Assume 30 days per month.) NIY PVPMT FV 11) How much money must Rita deposit today to ensure she will have $27,000 for a new car in 20 years? Assume her investment is at a rate of 4.25%, compounded quarterly. NIY PVPMT FV 12) What is the monthly payment on a $22,000, 5 year car loan at 4.5%? NI/Y PVPMT FV
