Question
If you invest $500 at 7% interest, how much do you have after 12 years? 2. How much must you invest now at 6% to
If you invest $500 at 7% interest, how much do you have after 12 years?
2. How much must you invest now at 6% to have accumulated $800 in 6 years?
3. How much interest will you have earned in the previous question?
4. If you invest $3,500 at 4%, how much will you have in 20years?
5. If you invested $25 at 8%, how much would it be worth in 15years?
6. How much interest will you have earned in the previous question?
7. How many years does it take to double your money if it is invested at 12%?
8. If you invest $500 at 5%, how many years before you have $2,500?
9. If you save $1000 per year for 12 years at 9% how much will you have?
10. If you want to have $25,000 in 10 years for a special occasion, how much do you need to save each year if the return is 5%?
11. If you owe $700 on a loan, how much will the payments be if the loan is to be paid off in 6 years at 8%?
12. If you save $1,500 each year invested at 8%, how much will you have after 30 years?
13. If you borrow $300,000 for a 30-year mortgage at 6.5%, how much will the monthly payments be?
14. How much interest will you pay over the life of the mortgage in number 5?
15. If you purchase an annuity for $500,000 at 5%, with equal annual payments for 25 years, what will the payments be?
16. If you get a car loan for $18,000 for 5 years, at 8%, what will your monthly payments be?
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