Question
Question 5: Assume you deposit $2,000 every six months at 10 percent compounded semi-annually. How much will you have at the end of 10 years?
Question 5: Assume you deposit $2,000 every six months at 10 percent compounded semi-annually. How much will you have at the end of 10 years? Question 6: If you need $40,000 for your sons education in 10 years, how much must you deposit at the beginning of each year in the bank earning 6 percent in order to have the college money ready? Question 7: If you have $30,000 in a savings account earning 10 percent, how large an annuity can you draw out each year if you want nothing left at the end of 8 years? Question 8: You borrow $6,000 at a 10 percent annual rate to be repaid in 3 equal payments at the end of each of the next 3 years. How large is the total interest payment over the three years?
Can you answer these questions like this in canvas thanks
$228,103.08 | N | 60 | ||||
I | 0.02 | |||||
FV | ? | |||||
PV | 0 | |||||
PMT | -2000 | |||||
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