Question
You invest $1,756 at the beginning of every year and your friend invest $1,756 at the end of every year. if you both earn an
- You invest $1,756 at the beginning of every year and your friend invest $1,756 at the end of every year. if you both earn an annual rate of return of 09.00%.
a. How much will you have in your account after 8 years?
b. how much will your friend have in his account?
2, you currently have $4,071 in a retirements savings account that earns an annual return of 12.00%. you want to retire in 43 years with 1,000,000. how much more do you need to save at the end of every year to reach your retirement goal?
3, you currently owe $2,591 to your credit card that charges an annual interest rate of 19.00%. you make $120 of new charges every month and make a payment of $177 every month. what will your credit card balance be in three months.
4, you would like to retire in 23 years. the expected rate of inflammation in 01.00% per year. you currently have a standard of living that requires $8,996 of monthly expenses. assuming you want to maintain the same standard of living in retirement, what are your monthly expenses expected to be the first year of retirement?
5, you purchase a house for $385,413. you made a down payment of 20,000 and the remainder of the purchase price was financed with a mortgage loan. the mortgage loan is a 30 year mortgage with an annual interest rate of 04.00%. mortgage payments are made monthly. what is the monthly amount of your mortgage payment?
6, you invest $3,761 at the beginning of every year and your friend invests $3,761 at the end of every year. if you both earn an annual rate of return 13.00%
a. how much will you have in your account after 4 years?
b. how much will your friend have in his account?
7, you currently have $779 in a retirement savings account that earns an annual rate of return of 07.00% You want to retire in 47 years with 1,000,000. how much more do you need to save at the end of every year to reach your retirement goal?
8, you currently owe $4,177 to your credit card that charges an annual interest rate of 22.00%. you make $179 of new charges every month and make a payment of $160 every month. what will your credit balance be in three months.
9, you would like to retire in 21 years. the expected rate of inflation is 05.00% per year. you currently have a standard of living that requires $6,259 of monthly expenses. Assuming you want to maintain the same standard of living in retirement, what are your monthly expenses expected to be the first year of retirement.
10, you purchase a house for $430,118. you make a down payment of $20,000 and the remainder of the purchase price was financed with a mortgage loan. the mortgage loan is a 30 year mortgage with annual interest rate of 08.00%. Mortgage payments are made monthly. what is the monthly amount of your mortgage payment?
11, you invest $328 at the beginning of every year and your friend invests $328 at the end of every year. if you both earn an annual rate of return 12.00%
a. how much will you have in your account after 21 years?
b. how much will your friend have in his account?
12, you currently have $1,711 in a retirement savings account that earns an annual rate of return of 11.00% You want to retire in 39 years with 1,000,000. how much more do you need to save at the end of every year to reach your retirement goal?
13, you currently owe $2,085 to your credit card that charges an annual interest rate of 18.00%. you make $152 of new charges every month and make a payment of $279 every month. what will your credit balance be in three months.
14, you would like to retire in 39 years. the expected rate of inflation is 03.00% per year. you currently have a standard of living that requires $6,312 of monthly expenses. Assuming you want to maintain the same standard of living in retirement, what are your monthly expenses expected to be the first year of retirement.
15, you purchase a house for $327,272. you make a down payment of $20,000 and the remainder of the purchase price was financed with a mortgage loan. the mortgage loan is a 30 year mortgage with annual interest rate of 07.00%. Mortgage payments are made monthly. what is the monthly amount of your mortgage payment?
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