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Finance questions u si How much must be deposited today into the following account in order to have a $115,000 college fund in 18 years?
Finance questions
u si How much must be deposited today into the following account in order to have a $115,000 college fund in 18 years? Assume no additional deposits are made. An account with quarterly compounding and an APR of 7.24% should be deposited today. ut (Do not round until the final answer. Then round to the nearest cent as needed.). al How much must be deposited today into the following account in order to have $45,000 in 7 years for a down payment on a house? Assume no additional deposits are made. Cou An account with monthly compounding and an APR of 5% My Assi tu Grai -Tel $ should be deposited today. (Do not round until the final answer. Then round to the nearest cent as needed.) How much must be deposited today into the following account in order to have $50,000 in 7 years for a down payment on a house? Assume no additional deposits are made Cou An account with annual compounding and an APR of 6% My Assi Stuc Grai eTel Cha Acti $should be deposited today. (Do not round until the final answer. Then round to the nearest cent as needed.) Use the formula for continuous compounding to compute the balance in the account after 1, 5, and 20 years. Also, find the APY for the account. A $9000 deposit in an account with an APR of 7%. The balance in the account after 1 year is approximately $ (Round to the nearest cent as needed.) Step by Step Solution
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