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Please answer all of them. Zoom in for better understand Your cousin is currently 13 years old. She will be going to college in 5
Please answer all of them. Zoom in for better understand
Your cousin is currently 13 years old. She will be going to college in 5 years. Your aunt and uncle would like to have $100.000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 4.4% per year, how much money do they need to put into the account today to ensure that they will have $100,000 in 5 vears? The amount they need to put away today is (Round to the nearest cent.) You are planning to invest $7,000 in an account eaming 6 per year for retirement a. If you put the 87,000 in an account at age 23, and withdraw it 4 years later, how much will you have? b. If you wait 10 years before making the deposit, so that it stays in the account for only 38 years, how much will you have at the end? a. If you put the $7,000 in an account at age 23, and withdraw it 48 years later, how much will you have? In 48 years you would have Round to the nearest cent) You plan to deposit $300 in a bank account now and $600 at the end of the year. If the account eams 3 interest per year what will be the balance in the account right after you make the second deposit? The balance in the account right after you make the second deposit will be $ (Round to the nearest dolar)
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