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Help with all of them please 6) What is the monthly payment on a $22,000, 5 year car loan at 3.5%? N VY PV PMT
Help with all of them please
6) What is the monthly payment on a $22,000, 5 year car loan at 3.5%? N VY PV PMT FV 7) If Butch puts $1,200 in a savings how much will he have in 29 years? account today that cams 5%, compounded annually N UY PV PMT FV 8) Sandy likes Slurpees. She buys 2 a day and they cost $2 each. On her 20th birthday, she decides to give up one Slurpee a day and instead saves that money by depositing $60 a month into a savings account that eams5 5%, how much money will she have when she is 352 (Assume monthly compounding.) N LY PV PMT FV 9) Dawn wants to take a weekend trip to Vegas in 5 years. She wants to take $6,000 of spending money. Assuming she can earn 6.5%, compounded monthly, how much money does she need to save every month to be sure she has the $6,000? N IY PV PMT FV 10) If Fred can save $3 a day and deposit his savings every month in an investment that earns 8% annually compounded monthly, how much money will he have in 47 years? (Assume 30 days per month.) N LY PV PMT FV 11) How much money must Rita deposit today to ensure she will have $27,000 for a new car in 20 years? Assume her investment is at a rate of 4.25%, compounded quarterly. N LY PV PMT FV 12) What is the monthly payment on a S22,000, 5 year car loan at 4.5%? N Y PV PMT FV Step by Step Solution
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