Question
You want to save $14,000 for a down payment on a home by making regular monthly deposits over four years. Take the APR to be
You want to save $14,000 for a down payment on a home by making regular monthly deposits over four years. Take the APR to be 7.1%. How much money do you need to deposit each month? (Round your answer to the nearest cent.) $ per month
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The parents of a 3-year old child decide they need to start saving for their child's college fund. They want to have $19,000 in the fund in 15 years. The fund has an APR of 3.4%. What monthly deposit is required? Round your answer to the nearest cent. $ per month
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Suppose you want to save in order to purchase a new car. Take the APR to be 4.8%. If you deposit $200 each month, how much will you have toward the purchase of a car after two years
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