Question

Lena plans to invest 5,100 dollars in 2 year(s) and 6,100 dollars in 1 year(s). She expects to earn 15.64 percent, compounded quarterly. How much money does Lena expect to have in 11 years?

Carlton plans to save $630 every 6 months for 14 years. He plans to make his first savings contribution in 6 months and he expects to earn 9.22 percent per year. How much does he expect to have in 14 years?

Davi currently has $29,000 saved for a new car that she plans to buy for $44,000 in 2 years. She believes she can earn an annual return of 12.80 percent. How much does Davi need to save each quarter for 2 years to have exactly enough in 2 years to pay for her car if she makes her next savings contribution later today?

Ollie currently has 14,700 dollars saved and plans to make quarterly savings contributions of 13,000 dollars. His first quarterly savings contribution is expected in 3 months. Ollie expects to earn 15.84 percent per year. How many quarterly savings contributions of 13,000 dollars does Ollie need to make in order to have 327,007 dollars?  Round your answer to 2 decimal places (for example, 2.89, 14.70, or 6.00).

Answer 1

A)	1 year	6100	$28,289.39	FV(15.64%/4,4*10,,-6100,)
	2 year	5100	$20,287.78	FV(15.64%/4,4*9,,-5100,)
		Total	$48,577.18
B)	Amount expected	$34,605.39	FV(9.22%/2,28,-630,0,)
C)	Amount to be saved	$723.75	PMT(12.8%/4,8,-29000,44000,1)
D)	Current savings	14700
	PMT	13000
	FV	327007
	RATE	15.84%
	QTRLY RATE	3.96%
	NPER	16.67	NPER(15.84%/4,-13000,-14700,327007,)