Question
I can't figure out how to do these three problems and I am using the FV=PV (1 +r)^n and PV = FV (1+r)^n You borrow
I can't figure out how to do these three problems and I am using the FV=PV (1 +r)^n and PV = FV (1+r)^n
You borrow $200,000 for 18 years at an annual rate of 5.20%.. What would be your fixed QUARTERLY loan payment?
You deposit $150 at the end of each of the next 12 years earning 9.00% per year. What would your balance be at the end of the 12 years?
A financial planner recommends that you have accumulated $2.0 million by the time that you retire in 25 years. If you can earn an annual rate of return of 5%, how much must you invest for each of the next 25 years in order to achieve this goal?
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