Chapter 8 In class assignment-submitted in Canvas Use these factors to answer questions ni PV$1 VS1 IVA TVA 0.85734 1.16640 1.78326 2.0800 50 0.74726 1.33923 4.21236 5.6271 60 0.50% 0.74137 1.34895 51.72556 69.7700 1. You decide to save $375 every month for five years to buy a new car. Ilow much will you have at the end of the five years if you eam 6x7 S fround to nearest dollar) 2. You want to buy a $25,000 car today and will be making monthly payments for the next live years. What is your car prayinen if your borrowing rate is 6%?$ (round to nearest dollar) 3. You accepted a job offer with a local company that has offered to give you Signing berus of $10,000 today or a $11,500 txirus in 2 years Iguatanited). Your current investimentale is 8%. What is the best economic decision, like the lurus laday or wail 2 years? 4. You plan to invest $5,000 every year for the next 5 years. What will be the value of your investment at the end of the 5 years if you can earn 5% annual interest? S (round to nearest dollar) 5. Your grandparents have decided to give you $15,000 for grad school but they want to wait 2 years to give it to you. Assuming your grandparents are earning, 8% annually, how much do they need to invest so that have the $15,000 to give you in 2 years? $_ (round to nearest dollar) Chapter 8 In class assignment-submitted in Canvas Use these factors to answer questions ni PV$1 VS1 IVA TVA 0.85734 1.16640 1.78326 2.0800 50 0.74726 1.33923 4.21236 5.6271 60 0.50% 0.74137 1.34895 51.72556 69.7700 1. You decide to save $375 every month for five years to buy a new car. Ilow much will you have at the end of the five years if you eam 6x7 S fround to nearest dollar) 2. You want to buy a $25,000 car today and will be making monthly payments for the next live years. What is your car prayinen if your borrowing rate is 6%?$ (round to nearest dollar) 3. You accepted a job offer with a local company that has offered to give you Signing berus of $10,000 today or a $11,500 txirus in 2 years Iguatanited). Your current investimentale is 8%. What is the best economic decision, like the lurus laday or wail 2 years? 4. You plan to invest $5,000 every year for the next 5 years. What will be the value of your investment at the end of the 5 years if you can earn 5% annual interest? S (round to nearest dollar) 5. Your grandparents have decided to give you $15,000 for grad school but they want to wait 2 years to give it to you. Assuming your grandparents are earning, 8% annually, how much do they need to invest so that have the $15,000 to give you in 2 years? $_ (round to nearest dollar)
