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Suppose you need $1230 to purchase a new TV in three years. If the interest rate of a savings account is compounded monthly at 3.8%
Suppose you need $1230 to purchase a new TV in three years. If the interest rate of a savings account is compounded monthly at 3.8% APR, how much do you need to deposit in the savings account today? Also if anyone could confirm my other 5 answers are correct that would be lovely! savings account today? 2. You deposit $25,000 in an account that earns 5.2% APR compounded semiannually. Find the balance in the account at the end of 20 years. = 60, onda 70,571.68 3. Sue wants to save up $2500 to buy a new laptop. She wants to pay in cash so is making monthly deposits into a savings account earning 3.8% APR. How much do her monthly payments need to be to be able to save up the $2500 in two years? = W.DOCX 108.34 4. At age 30, Suzy starts an IRA to save for retirement. She deposits $100 at the end of each month. If she can count on an APR of 6%, how much will she have when she retires 35 years later at age 65? = 602 26 5. You bought 10 shares of Uber Stock for $40.70 per share. You sell your stock today for $26.62 per share. a. What was your profit or loss? b. What is the percentage return on your investment? 40.70x10=407 407-26-62-38038 380.38 293% 407 1. Suppose you need $1230 to purchase a new T.V. in three years. If the interest rate of a savings account is compounded monthly at 3.8% APR, how much do you need to deposit in the
Suppose you need $1230 to purchase a new TV in three years. If the interest rate of a savings account is compounded monthly at 3.8% APR, how much do you need to deposit in the savings account today?
Also if anyone could confirm my other 5 answers are correct that would be lovely!
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