Question 21

You would like to have $44,684 in 5 years..If the rate is 8.45%,how much do you have to invest each year?

Question 22

You will invest $200per year.You will make your first deposit today. If the rate is 9.96%,how much will you have in 15 years?

Question 23

You want to purchase a car that costs $27,961. You can afford $3,509as a down payment and will borrow the rest. The bank has offered you a rate of 4.07% on a 4-year loan.What is yourmonthly payment?

Question 24

You would like to have $36,993 in 12 years.If the rate is 7.59%,how much do you have to invest each month?