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n Chapter 8-10 In class assignment-submitted in Canvas ROUND ALL ANSWERS TO NEAREST DOLLAR i PV$1 FV$1 PVA FVA 5 6% 0.74726 1.33823 4.21236 5.6371
n Chapter 8-10 In class assignment-submitted in Canvas ROUND ALL ANSWERS TO NEAREST DOLLAR i PV$1 FV$1 PVA FVA 5 6% 0.74726 1.33823 4.21236 5.6371 30 7% 0.13137 7.61226 12.40904 94.4608 60 0.50% 0.74137 1.34885 51.72556 69.7700 1. You want to have $25,000 at the end of 5 years for a down payment on a house. How much should you save each month to achieve your goal if you can earn 6%? $. 2. You want to buy a $25,000 car today and will be making monthly payments for the next 5 years. What is your car payment if your borrowing rate is 6%? $. 3. You want to retire in 30 years. You decide to invest $12,000 each year until retirement. How much will you have when you retire if you can earn 7%. $_
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