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can someone help me with these problems work Sowed You need to have $25,556 available at the end of 6 years. How much to do
can someone help me with these problems
work Sowed You need to have $25,556 available at the end of 6 years. How much to do you have invest each year, starting at the end of this year, for 6 years to achieve this goal if the interest rate is 11%? (Enter your answer as a positive number rounded to 2 decimal places.) Investment Franklin Templeton has just invested $10,760 for his son (age one). This money will be used for his son's education 17 years from now. He calculates that he will need $54.343 by the time the boy goes to school. What interest rate does Mr. Templeton need to earn in order to achieve this goal? (Round your final answer to 2 decimal places. For exemple, enter 1245 as 12.45) Interest rate % Assume you have a total of $48,500 to invest and want to receive an annuity of 57000 for 20 years. What interest rate do you have to earn on the $48,500 Investment in order to receive the annual payments? (Round your answer to 2 decimal places. For example, enter 1234 as 12.34) Interest rate Larry Davis borrows $78,000 at 11 percent interest toward the purchase of a home. His mortgage is for 25 years. a. If Larry decides to make annual payments, how much will they be? (Enter your answer as a positive number rounded to 2 decimal places.) Annual payments b. How much interest will he pay over the life of the loan? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Total interest Step by Step Solution
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