How much must you deposit today into a savings account
How much must you deposit today into a savings account, in order to be able to withdrawl $54000 from the account in 5 years and $62000 in 7 years if the interest rate is 8%?
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Old Time Savings Bank pays 4% interest on its savings accounts. If you deposit $2,200 in the bank and leave it there, how much interest will you earn in the first year? The second year? The tenth year?
You will require $600 in 4 years. If you earn 3% interest on your funds, how much will you need to invest today in order to reach your savings goal?
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Percision engineering recently announced that its next annual div will be $1.20 per share with later dividents increasing by 2.5% annually. what is the current value of this stock to you if you require 12% reutn rate?
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You plan to make 25 annaul deposits of $24000 into a retirement account. with the first deposit being made 4 years from now, how much will be in the account in 39 years if the interest rate is 9%?
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