You just sold a truck for 13000 if six years ago you paid, Financial Management

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You just sold a truck for 13000 if six years ago you paid

1. You wish to have $50,000 in five years. If you can earn 6% on your money, how much will you need to set aside at the end of each of the next five years in order to attain your objective?

2. If you invest $34,000 into an account earning 5.87% and retain this investment for eight years, how much will you have at the end of the eight-year period?

3. You just sold a truck for $13,000. If six years ago you paid $9,000 for the used truck, what is the return (yield) on your investment?

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Financial Management: You just sold a truck for 13000 if six years ago you paid

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