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Author Question: You are saving for your child's university education. It is her 1st birthday today. She will start ... (Read 54 times)

tatyanajohnson

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on: Apr 25, 2021

Question 1

You are expecting to receive $70 per year at the end of each of the next five years. If you invest the money in account that pays 5%, then how much interest will you earn over the five years? (Round to the nearest whole dollar)
◦ $37
◦ $18
◦ $75
◦ $350
◦ $387

Question 2

You are saving for your child's university education. It is her 1st birthday today. She will start university just after her 19th birthday. You are going to save $2,000 per year each year starting today and ending on her 18th birthday. If you expect to earn a rate of 5% in the savings account, then how much will you have saved by her 19th birthday?
◦ $56,264.77
◦ $59,078.01
◦ $61,078.01
◦ $64,131,91
◦ $54,264.77
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by tatyanajohnson on Apr 25, 2021

wergv

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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tatyanajohnson

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Reply 2 on: Apr 25, 2021
Excellent

scikid

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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