6 Answered Questions for the topic Saving Plan

Saving Plan Investment Annuity

12/22/17

Carol wants to retire at age 63. She would like to draw $3,200 each month and estimates that she will live to be 88 years old. Carol can earn nine percent interest on her investment before... more 12/19/16 You deposit$300 each month into an account earning 7% interest compounded monthly. Two question help!

You deposit $300 each month into an account earning 7% interest compounded monthly.a) How much will you have in the account in 20 years?$156,278b) How much total money will you put into the... more

12/19/16

12/18/16

How much should you invest each month in order to have $800,000 if your rate of return is 5.3% compounded monthly and you want to achieve your goal in 40 years? How much should you invest each month in order to have$800,000 if your rate of return is 5.3% compounded monthly and you want to achieve your goal in 40 years?     If you deposit the amount you... more
Saving Plan Mathematics Annuities

12/18/16

How much should you invest each month in order to have $800,000 if your rate of return is 5.3% compounded monthly and you want to achieve your goal in 40 years? If you deposit the amount you... more Saving Plan 12/15/16 Suppose you want to buy a car and have decided that you can save$100 a month. How much money will you have saved in a year’s time? How much will be interest?

Suppose you want to buy a car and have decided that you can save \$100 a month. Using information from an internet source, determine the current interest rate on savings accounts and use the... more

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