Question
a. How much would you have to deposit today if you wanted to have $42,000 in three years? Annual interest rate is 10%. (PV of
a. How much would you have to deposit today if you wanted to have $42,000 in three years? Annual interest rate is 10%. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar.) b. Assume that you are saving up for a trip around the world when you graduate in two years. If you can earn 6% on your investments, how much would you have to deposit today to have $10,500 when you graduate? (Round your answer to 2 decimal places.) c-1. Calculate the future value of an investment of $499 for nine years earning an interest of 10%. (Round your answer to 2 decimal places.)
d. Assume that a college parking sticker today costs $62. If the cost of parking is increasing at the rate of 6% per year, how much will the college parking sticker cost in seven years? (Round your answer to 2 decimal places.)
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