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Question7 1 pts You want to buy a new surfboard 4 years from now. You have $500 in the bank today. You can earrn 11%
Question7 1 pts You want to buy a new surfboard 4 years from now. You have $500 in the bank today. You can earrn 11% on your savings. If the surfboard will cost $5,000, how much will you have to save every year to have enough to buy it? Round your answer to 2 decimals, for example 100.12. Question 8 1 pts Today you purchased XYZ stock for $92 per share. You will keep the stock for 10 years and then sell it. You hope to make an average annual return of at least 8% on this investment. What does the share price have to be in the future for you to make the desired rate of return? Round your answer to 2 decimals, for example 100.12. Question 9 1 pts You are thinking of buying a new car for $20,000. You will borrow the money to buy the car, and payback the loan in annual payments over 5 years. If the interest rate is 9% per year, what is your payment amount? Round your answer to 2 decimals, for example 100.12
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