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Use the calculators at Dinkytown.net to answer the following questions:a . You need $ 5 , 0 0 0 for a trip to Europe in
Use the calculators at Dinkytown.net to answer the following questions:a You need $ for a trip to Europe in two years. How much would you have to deposit monthly in a savings account paying percent in order to meet your goal?b Investing $ at percent for five years, what is the difference in purchasing power of your savings if inflation increases by percent annually during that time? By percent?c Starting today, how much would you need to save each month in order to become a millionaire before you retire?d You need a new car. What car can you afford if you have $ for a down payment, can make monthly payments of $ and get $ for trading in your old clunker?e How much house can you afford if you earn $ a year and have $ savings for a down payment, a $ car loan balance, and no credit card debts?
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