# You start out with $74 and find out you can earn 6% interest on your money for the next 36 years. How much interest will you have earned after 36 years? Round to the nearest cent.

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You start out with $74 and find out you can earn 6% interest on your money for the next 36 years. How much interest will you have earned after 36 years? Round to the nearest cent.

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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuitySuppose you want to have $400,000 for retirement in 35 years. Your account earns 4% interest. Round your answers to the nearest cent.a) How much would you need to deposit in the account each month? $ b) How much interest will you earn? $Suppose you want to have $500,000 for retirement in 25 years. Your account earns 9% interest. a) How much would you need to deposit in the account each month? b) How much interest will you earn?
- Suppose you want to have $500,000 for retirement in 30 years. Your account earns 9% interest.a) How much would you need to deposit in the account each month? b) How much interest will you earn?Suppose you want to have $500,000 for retirement in 25 years. Your account earns 9% interest.a) How much would you need to deposit in the account each month?b) How much interest will you earn?Suppose you want to have $800,000 for retirement in 25 years. Your account earns 7% interest compounded annually. Round your answers to the nearest cent.a) How much would you need to deposit in the account each month? $ b) How much interest will you earn? $
- Suppose you want to have $700,000 for retirement in 30 years. Your account earns 10% interest. a) How much would you need to deposit in the account each month? $ b) How much interest will you earn? $ esSuppose you want to have $500,000 for retirement in 25 years. Your account earns 6% interest. How much would you need to deposit in the account each month? $Suppose you want to buy a vacant lot for your future home for $29,673. If your bank is willing to loan you the money at a 6% APR over the next 14 years how much would be your monthly payment? (Round up your answer to two decimal point)
- You plan on investing $1.900 every 4 years while earning 6% per year. How much money will you have in total, immediately after investing the last payment amount? Round your answer to the nearest 2 decimal places and do not include a dollar sign. For instance 46.75.Suppose you want to have $500,000.00 for retirement in 35 years. You plan to make regular monthly deposits into an account earning 7% interest compounded monthly. How much would you need to deposit in the account each month? How much money will you have put into the account? Hint How much interest will you have earned? HintSuppose you want to have $600,000 for retirement in 20 years. Your account earns 5% interest.How much would you need to deposit in the account each month?