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You plan to save, starting from today, towards your financial goals below. What is the total amount of your investment today? (Use the Time Value
You plan to save, starting from today, towards your financial goals below. What is the total amount of your investment today? (Use the Time Value of Money table provided.)
Your Goals | Amount | Years from Now | Savings | Rates of Return |
Mobile phone | 30,000 | 2 | Annually | 2% |
Down payment for a car | 300,000 | 3 | Monthly | 12% |
Down payment for a house | 2,000,000 | 5 | Quarterly | 12% |
Retirement | 10,000,000 | 30 | Annually | 15% |
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