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Author Question: You want to go to Europe6years from now, and you can save $3,800per year, beginning immediately. You ... (Read 65 times)

swande

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Question 1

You want to buy a new sports car5years from now, and you plan to save $3,900per year, beginning immediately. You will make 5 deposits in an account that pays4.2% interest. Under these assumptions, how much will you have5years from today?

$22,099.00


$22,654.24


$23,386.95


$23,156.30



Question 2

You want to go to Europe6years from now, and you can save $3,800per year, beginning immediately. You plan to deposit the funds in a mutual fund that you expect to return 8.3% per year. Under these conditions, how much will you have just after you make thesixthdeposit,6years from now?

$29,986.82


$28,933.49


$30,419.58


$30,926.49



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Marked as best answer by swande on Aug 7, 2023

Sha

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swande

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Reply 2 on: Aug 7, 2023
Excellent


patma1981

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Reply 3 on: Yesterday
:D TYSM

 

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