You wish to have $3,000 in two years to buy a fancy new stereo system. How much should you deposit each quarter into an account paying 8% compounded quarterly?
You have $500,000 saved for retirement. Your account earns 6% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 20 years?
You want to buy a $25,000 car. The company is offering a 2% interest rate for 48 months (4 years). What will your monthly payments be?
Answers:
No comments:
Post a Comment