1. Finance- If 8 year from now you want to give a down payment of 10,000 to buy a house. How much you need to deposit today to achieve your goal, if you are offered an annual compounded yield of 7%.
2. You deposit $20,000 today in a bank account that pays 8% compounded annually, which amount you can withdraw each year and at the end of 5 years the ending balance is 0?
3. If it is increased the number of times that the interest be composed during a period , the terminal value of a quantity will be lower: True or False