• 2021-04-14
    You want to have $35,000 in cash to buy a car 4 years from today. You expect to earn 8 percent, compounded annually, on your savings. How much do you need to deposit today if this is the only money you save for this purpose?
  • $25,726.04

    内容

    • 0

      You have two years to go before you graduate from college, the graduation tour will cost 3,000 yuan. There is a financial account where the annual rate of return is 6%. How much money do you need to deposit in your financial account to save enough money for your graduation travel expenses? A: 2669.9 yuan B: 2668.1 yuan C: 2669.99 yuan D: 2669.98 yuan

    • 1

      You have $5,000 you want to invest for the next 45 years. You are offered an investment plan that will pay you 6 percent per year for the next 15 years and 10 percent per year for the last 30 years. How much will you have at the end of the 45 years? How much will you have if the investment plan pays you 10 percent per year for the first 15 years and 6 percent per year for the next 30 years?

    • 2

      Your bank account pays a nominal interest rate of 6 percent, but interest is compounded daily (on a 365-day basis). Your plan is to deposit $500 in the account today. You also plan to deposit $1,000 in the account at the end of each of the next three years. How much will you have in the account at the end of three years, after making your final deposit? ( ) A: $3,500 B: $3,164 C: $2,591 D: $3,788 E: $3,779

    • 3

      If you want to save up $60,000 in your account at the end of 3 years, and the compound interest rate is 6% per annum, how much should you deposit today? A: 10,000 / (1+0.06)3 B: 60,000 x (1+0.06)3 C: 60,000 / (1+0.06)3 D: 10,000 / (1+0.06)2

    • 4

      _____ you have got enough money, you can buy a car of your own.