Question

Diana wants $14,000 saved in 4 years to make a down payment on a
house. How much money should she invest now at 2.4% compounded
annually in order to meet her goal?

Answer #1

Money should be invested calculation by compound interest formula.

Money she should invest is $12733

Jenna wants $14,000 saved in 5 years to make a down payment on a
house. How much money should she invest now at 2.85% compounded
quarterly in order to meet her goal?
Jenna wants $14,000 saved in 5 years to make a down payment on a
house. How much money should she invest now at 2.85% compounded
quarterly in order to meet her goal?

You want to have $22,500 saved 4 years from today in order to
make a down payment on a house. To fund this, you will make
deposits each week from your paycheck into an account that will
earn 4.63 percent compounded weekly. How much must you deposit each
week?

The Jones want to save $68,000.00 in 7 years for a down payment
on a house. If they make monthly deposits in an account paying 4%
compounded monthly, what is the size of the payments that are
required to meet their goal?

You want to have $15,000 for a down payment on a house 10 years
from now. If you can earn 13 percent, compounded annually, on your
savings, how much do you need to deposit today to reach your
goal?

Hellen wants to save $260000 for a down payment on a
home in five years, assuming as interest rate of 6% compounded
semi-annually, how much money does she need to save each month?

At the end of 6 years, Jane wants to accumulate $1,500,000 for a
down payment on a housing unit. She expects to earn 8%—compounded
monthly—on her investments over the next 8 years. How much would
Jane have to put in her investment account each month to reach her
goal?
A) $26,300 B) $20,414 C) $16,300 D) $13,684

a)Maria wants to buy a car. She has saved $2,500 for a down
payment, and she can afford payments of $250 per month for 5 years.
Her credit union has offered her an auto loan that charges 4.8% per
year compounded monthly for 5 years. What is the largest loan she
can afford? What is the most expensive car she can afford?
b) Find the interest rate needed for an investment of $5100 to
triple in 6 years if interest...

3-part question. Five years from now you would like to have $25,000
for a down payment on a home. Assuming you could earn 9% interest,
how much money would you need to invest today as a lump sum to meet
your goal? How much money would you have to invest at the end of
each year to meet your goal? How much would you need if you
invested the payments at the beginning of each year with the first
payment...

Alma wants to have $20,000 in her investment account ten years
from now. Currently, she has nothing saved. How much would she have
to deposit today to reach her goal if this is the only amount she
invests? She expects to earn 8.5 percent, compounded annually. How
much must she deposit today?

Alexis want to buy a house in 5 years. She wants to save $75,000
over the next five years for a down payment. If she can earn an
annual rate of 9% on her savings, how much must she deposit in
equal payments at the end of each month for the next five years to
reach her goal?
A)
$1,250
B)
$765.87
C)
$994.38
D) $8,420.13
Alexis is ready to buy her house. She will purchase the $450,000
house with...

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 1 minute ago

asked 2 minutes ago

asked 2 minutes ago

asked 2 minutes ago

asked 2 minutes ago

asked 3 minutes ago

asked 4 minutes ago

asked 6 minutes ago

asked 7 minutes ago

asked 10 minutes ago

asked 10 minutes ago

asked 12 minutes ago