Question
A) Aaron wants to reach $299,000 on September 17, 2035 with an account that earns 8.7% interest. how much must he contribute every month, his
A) Aaron wants to reach $299,000 on September 17, 2035 with an account that earns 8.7% interest. how much must he contribute every month, his first contribution will be today and his last contribution will be on august 17, 2035?
B)Joe has accumulated $335,300 for retirement. he is offered monthly payments, the first one coming today and the last one coming august 17, 2050, of $2,022. what is the implied interest rate?
C) Steph agreed to make monthly payments of $661 from October 17, 2020 to September 17, 2027 at an interest rate of 5.3%. how much could she borrow today?
D) zach is making his first contribution of $825 on October 17, 2020 and plans to make his last on September 17, 2048. if his retirement account earns 8.5% interest, how much will be in the account on September 17, 2048?
E)Andy agreed to an interest rate of 3.2% to begin borrowing $672 every month beginning on October 17, 2020. how many monthly advances before he owes his grandparents $45,900? round to whole number
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