Your answers are saved automatically Question Completion Status 2 3 6 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Moving to another question will save this response Question 3 of 24 Question 3 4 points Saw You are considering two savings options Both options offer a rate of return of 52 percent. The first option is to save $1,500 $1,500 and $2,000 at the end of each year for the next three years, respectively. The other option is to save ono ump sum amount today. You want to have the same balance in your savings account at the end of the three years, regardless of the Savings method yout. If you select the lump sum method, how much do you need to save today? Do not round intermediate calculations and round your answer to 2 decimal places, .32.16) It is highly recommended to use Excel for Google Sheets) or a financial calculator to solve this problem. Moving to another question will save the response Question 3 of 24 De NTLC2F-LW04 You just obtained a loan of $19,000 with monthly payments for four years at 6.06 percent interest, compounded money What is the amount of each payment? (Do not round intermediate calculations and round your answer to 2 decimal places, 9. 32.16.) Note: It is highly recommended to use Excel (or Google Sheets) or a financial calculator to solve this problem. Your answers are saved automatically Question Completion Status 2 3 6 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Moving to another question will save this response Question 3 of 24 Question 3 4 points Saw You are considering two savings options Both options offer a rate of return of 52 percent. The first option is to save $1,500 $1,500 and $2,000 at the end of each year for the next three years, respectively. The other option is to save ono ump sum amount today. You want to have the same balance in your savings account at the end of the three years, regardless of the Savings method yout. If you select the lump sum method, how much do you need to save today? Do not round intermediate calculations and round your answer to 2 decimal places, .32.16) It is highly recommended to use Excel for Google Sheets) or a financial calculator to solve this problem. Moving to another question will save the response Question 3 of 24 De NTLC2F-LW04 You just obtained a loan of $19,000 with monthly payments for four years at 6.06 percent interest, compounded money What is the amount of each payment? (Do not round intermediate calculations and round your answer to 2 decimal places, 9. 32.16.) Note: It is highly recommended to use Excel (or Google Sheets) or a financial calculator to solve this
