USING FINANCE CALCULATOR

What is the present value of regular annuity of $7,000 per year for 25 years if the interest rate is 10% per year? $57,763 $69,823 $688,429 $63,539 You saving up to buy a car. You plan on making your first savings deposit one year from today, and then making deposits for the following 3 years. These are the amounts you plan to save at the end of each year: Year 1 2 3 4 Projected Savings Amount $6,000 $6,000 $7,000 $7,000 You expect to earn an annual rate of 6% per year throughout. What amount will you have available at the end, at time 4, when you will buy the car? $21,308 $28,308 $7,420 $26,000