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Chapter 8-10 In class assignment-submitted in Canvas n PV$ 1 FV$1 PVA FVA 5 6% 0.74726 1.33823 4.21236 5.6371 60 0.50% 0.74137 1.34885 51.72556 69.7700

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Chapter 8-10 In class assignment-submitted in Canvas n PV$ 1 FV$1 PVA FVA 5 6% 0.74726 1.33823 4.21236 5.6371 60 0.50% 0.74137 1.34885 51.72556 69.7700 1. You want to have $20,000 at the end of 5 years for a down payment on a house. How much should you save each month to achieve your goal if you can earn 6%? $__ _ (round to nearest dollar) 2. You want to buy a $20,000 car today and will be making monthly payments for the next 5 years. What is your car payment if your borrowing rate is 6%? $__ (round to nearest dollar) n 20 i 7% PV$1 0.25842 FV$1 3.86968 PVA FVA 10.59401 40.9955 3. You want to retire in 20 years. You decide to invest $10,000 each year until retirement. How much will you have when you retire if you can earn 7%. $_ _(round to the nearest dollar)

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