Question
-What would be the yearly earnings for a person with $12200 in savings at an annual interest rate of 12.4% percent? (Round your answer to
-What would be the yearly earnings for a person with $12200 in savings at an annual interest rate of 12.4% percent?
(Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)
-What is the future value of $5330 9 years from now at 5 percent?
Use the appropriate Time Value of Money table (Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)
-What is the future value of $4475 saved each year for 7 years at 6 percent? Use the appropriate Time Value of Money table (Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)
-What is the amount a person would have to deposit today (present value) at 8 percent interest rate to have $7400 saved 6 years from now?
Use the appropriate Time Value of Money table
(Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)
-What is the amount you would have to deposit today to be able to take out $5570 a year for 15 years from an account earning 2 percent?
Use the appropriate Time Value of Money table
Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)
-If you desire to have $48200 for a down payment for a house in 6 years, what amount would you need to deposit today? Assume that your money will earn 2 percent.
Use the appropriate Time Value of Money table
(Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)
-Pete Morton is planning to go to graduate school in a program of study that will take 3 years. Pete wants to have $14300 available each year for various school and living expenses. If he earns 6 percent on his money, how much must be deposit at the start of his studies to be able to withdraw $14300 a year for 3 years?
Use the appropriate Time Value of Money table
(Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)
-Carla Lopez deposits $10080 a year into her retirement account. If these funds have an average earning of 7 percent over the 20 years until her retirement, what will be the value of her retirement account?
Use the appropriate Time Value of Money table
(Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)
-If a person spends $27 a week on coffee (52 weeks in a year), what would be the future value of that amount over 16 years if the funds were deposited in an account earning 3 percent?
Use the appropriate Time Value of Money table
(Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)
-A financial company that advertises on television will pay you $61,000 now for annual payments of $9,400 that you are expected to receive for a legal settlement over the next 11 years. Assume you estimate the time value of money at 12 percent.
Use the appropriate time value of money table
b) Would you accept this offer?
(Round your answer to the nearest whole number. Omit the comma, period, and "$" sign in your response.)
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