Problems #19-31 odd only

e. Monthly 19. (Solv for Fv plan to be value the future of $200,000 today at an annual interest rate of 12% over 10 years. a. Annually your investment interest is ounded b. Semi. annually c, monthly d. Quarterly 20. e. Monthly (N on annual annul balance with a $35,000 payable Timothy just bought a car for s45,000 with a $10,000 deposit. He borrowed the 21. (N day monthly over 5 loan from the automobile dealer The loan is for 5.6% annual, compounded a will be years. What f he balance with his monthly payments car for s35.000 with a ss,000 deposit. She borrowed the thereafter? yable a Jas just bought a 22. on day monthly over loan from the automobile dealer The loan is for 3.6% annual, compounded and plans 1, t his monthly payments thereafter? payments? If he decides to start the first payment will be years. What will be her monthly to annuity) want in years. his 3o ear he spend $5,000 m retirement fund with his ng 10% in his retirement funds. He will save monthly in his 401K 23. must he employer over the next 30 years where he plans to earn 12% annually. much save monthly, beginning at the end of this month to meet his objective (Non-annual annuity) stan wants to plan for his retirement in 10 During his 30 year he plans to spend $5,000 monthly, while earning 10% in his retirement funds. He will save monthly in his 401K retirement fund with his employer over the next 30 years where he plans to earn 12% annually. How much must he save monthly, beginning atthe end of this month to meet his objectives. How will his results change if he begins savings at the beginning of the current month? 24. (Growth annuity) Maureen has just signed a professional basketbal contract where she will earn s2s the first year and will receive a 10% annual increase every year for 10 years. She plans to save 20% of her annual salary each year in a mutual fund where she expects to earn 15% annually. How much will she ha in her savings after lo years? 25. (Growth annuity) Michael has just signed a professional basketball contract where he will earn $2,500,000 the first year and will receive a5% annualincrease every yearfor 10years. He so% have in his h will she salary a mutual fund where he expectsto earn 16x How after 10 years