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?
举一反三
- You want to have $30,000 saved 5 years from now to buy a house. How much less do you have to deposit today to reach this goal if you can earn 3.5 percent rather than 2.5 percent on your savings? Today's deposit is the only deposit you will make to this savings account. A: 1256.43 B: 891.18 C: 1124.6 D: 1219.02
- Centre Bank pays 2.5 percent interest, compounded annually, on its savings accounts. Country Bank pays 2.5 percent simple interest on its savings accounts. You want to deposit sufficient funds today so that you will have $1,500 in your account 2 years from today. The amount you must deposit today:
- You would like to buy a new automobile, and the car costs $68,500. If you can earn 9 percent, how much $____do you have to invest today to buy the car in two years?(retain 2 decimals)
- Today, you deposit $2,400 in a bank account that pays 4 percent simple interest. How much interest will you earn over the next 5 years?
- When we go shopping in stores, shop assistants often want to help us and ask ____________. A: What do you need? B: How do you do? C: Have you had your meal? D: How much money do you have?