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Please answer following 9 questions and provide working details Thanks You have $300,000 saved for retirement. Your account earns 5% interest. How much will you
Please answer following 9 questions and provide working details
You have $300,000 saved for retirement. Your account earns 5% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 20 years? Suppose you have $3000 deposited at 2.05% compounded monthly. About how long will it take your balance to increase to $4700 ? years Round your answer to the nearest tenth of a year Question Help: Video You have $5,000 on a credit card that charges a 21% interest rate. If you want to pay off the credit card in 4 years, how much will you need to pay each month (assuming you don't charge anything new to the card)? each month Question Help: You can afford a $250 per month car payment. You've found a 5 year loan at 3% interest. How big of a loan can you afford? You deposit $5000 in an account earning 4% interest compounded monthly. How much will you have in the account in 15 years? Suppose you have $2150 in your savings account at the end of a certain period of time. You invested $2000 at a 2.83% simple annual interest rate. How long, in years, was your money invested? State your result to the nearest hundredth of a year. Question Help: Video You deposit $300 each month into an account earning 2% interest compounded monthly. a) How much will you have in the account in 25 years? b) How much total money will you put into the account? c) How much total interest will you earn? $ Question Help: Video 1 Video 2 Suppose you want to have $400,000 for retirement in 20 years. Your account earns 7\% interest. How much would you need to deposit in the account each month? You want to buy a $239,000 home. You plan to pay 15% as a down payment, and take out a 30 year loan for the rest. a) How much is the loan amount going to be? b) What will your monthly payments be if the interest rate is 6%? c) What will your monthly payments be if the interest rate is 7% Thanks
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