What is the future value of $5480 6 years from now at 7 percent? 2) What is the future value of $2100 saved each year for 9 years at 10 percent? 3) What is the amount a person would have to deposit today (present value) at 11 percent interest rate to have $8500 saved 9 years from now.
1) What is the future value of $5480 6 years from now at 7 percent?
2) What is the future value of $2100 saved each year for 9 years at 10 percent?
3) What is the amount a person would have to deposit today (present value) at 11 percent interest rate to have $8500 saved 9 years from now.
4) What is the amount you would have to deposit today to be able to take out $2070 a year for 2 years from an account earning 14 percent.
5) If you desire to have $38300 for a down payment for a house in 11 years, what amount would you need to deposit today? Assume that your money will earn 4 percent.
6) If you desire to have $38300 for a down payment for a house in 11 years, what amount would you need to deposit today? Assume that your money will earn 4 percent.
7) Carla Lopez deposits $11100 a year into her retirement account. If these funds have an average earning of 3 percent over the 14 years until her retirement, what will be the value of her retirement account?
8) If a person spends $28 a week on coffee (52 weeks in a year), what would be the future value of that amount over 6 years if the funds were deposited in an account earning 6 percent?
9) A financial company that advertises on television will pay you $64,000 now for annual payments of $9,100 that you are expected to receive for a legal settlement over the next 8 years. Assume you estimate the
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