What is the present value of an annuity of $456 to be received at the end of each year for three years discounted at 10.4% APR?
A two-year investment requires monthly deposits of $80 at the beginning of each month. The deposits earn 6% per year. Calculate the investment’s future value.
If you want to have $3,000,000 at retirement in 44 years, how much money must you put in a retirement savings each month? Assume the account pays 8.4% APR compounded monthly.