You need to accumulate $500,000 in 10 years. What amount must you invest today if your investment earns 10% compounded annually.

Same as above, but the interest is compounded semi-annually.

 

You need to accumulate $500,000 in 20 years. How much must you invest at the end of each year at 8% interest to meet your need.

 You are trying to accumulate $800,000 by making end of the year payments beginning one year from today and you can earn 6% interest. Your payments are $21,747.65. How many years will it take you to save the $800,000?

 You currently have $18,666.22 to invest and you need it to grow to $5,000,000. If you can invest it for 40 years, what interest rate must you earn to save $5,000,000?

You just purchased a new car for $40,000 with no down payment. You are making 8 annual payments at an interest rate of 6%. What is your annual payment?

 

You just purchased another new car with no down payment.

The payments are $9,962.60 at 15% for 10 years beginning in one year. You make annual payments at the end of the year.

How much did you pay for the car?

You would like to accumulate $40,000 before you graduate, 3 years from today. How much must you invest for the next three years if the first payment was made today, in order to have the $40,000 in three years?