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ROUND ALL ANSWERS TO NEAREST DOLLAR n i PV$ 1 4 9% 0.70843 5 6% 0.74726 30 8% 0.09938 48 0.75% 0.69861 60 0.50% 0.74137

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ROUND ALL ANSWERS TO NEAREST DOLLAR n i PV$ 1 4 9% 0.70843 5 6% 0.74726 30 8% 0.09938 48 0.75% 0.69861 60 0.50% 0.74137 FV$1 1.41158 1.33823 10.06266 1.43141 1.34885 PVA FVA 3.239724.5731 4.21236 5.6371 11.25778 113.2832 40.18478 57.5207 51.72556 69.7700 1. You want to have $25,000 at the end of 4 years for a down payment on a house. How much should you save each month to achieve your goal if you can earn 9%? SOL 2. You want to buy a $28,000 car today and will be making monthly payments for the next 5 years. What is your car payment if your borrowing rate is 6%? $_ 3. You want to retire in 30 years. You decide to invest $10,000 each year until retirement. How much will you have when you retire if you can earn 8%. $

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