Suppose you would like to save enough money to pay cash for your next car. The goal to save an extra $26,000 over the next 6 years. What amount of quarterly payments must you make into an account that earns 5.5% interest in order to reach your goal?

You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly half a million dollars. Your plan is to deposit $36,000 at the end of each year for the next 8 years. You expect to earn 12 percent each year. Required: 1. Determine how much you will have saved after 8 years. 2. Determine the amount saved if you were able to deposit $38,000 each year. 3. Determine the amount saved if you deposit $36.000 each year, but with 14 percent interest. Complete this question by entering your answers in the tabs below. Required 1 Required 21 Required 3 Determine how much you will have saved after 8 years. Note: Round your final answer to the nearest whole dollar. Balance in the Savings Account. Required 2 >

You would like to have $550,000 when you retire in 40 years. How much should you invest each quarter if you can earn a rate of 3.6% compounded quarterly?a) How much should you deposit each quarter?b) How much total money will you put into the account?c) How much total interest will you earn?

You want to be able to withdraw $25,000 each year for 30 years. Your account earns 8% interest.a) How much do you need in your account at the beginning?$b) How much total money will you pull out of the account?$c) How much of that money is interest?

Suppose you want to have $600,000 for retirement in 25 years. Your account earns 10% interest. How much would you need to deposit in the account each month?

You want to buy a new car. You can afford payments of $250 per month and can borrow the money at an interest rate of 3.2% compounded monthly for 5 years.How much are you able to borrow?How much interest do you pay?

Suppose you'd like to save enough money to pay cash for your next car. The goal is to save an extra $⁢28,000 over the next 33 years. What amount must be deposited quarterly into an account that earns 4.7% interest, compounded quarterly, in order to reach your goal? Round your answer to the nearest cent, if necessary.

You want to be able to withdraw $30,000 each year for 15 years. Your account earns 6% interest. How much do you need in your account at the beginning?

You decide to save $9300 by making annual deposits for 5 years into an account that pays 7% compounded annually. Once the payments stop, you plan to leave the money in the account for an additional 2 years. What size deposits do you need to make?

You want to buy a new car. You can afford payments of $200 per month and can borrow the money at an interest rate of 3.1% compounded monthly for 5 years. How much are you able to borrow? How much interest do you pay?