How much money will his daughter have

Assignment Help Financial Management

Reference no: EM131936579

If you invest $19,000 at 7% interest, how much will you have in 8 years? Use Appendix A. (Round "FV Factor" to 3 decimal places.)

$11,058

$30,058

$87,414

$32,642

How much must you invest at 10% interest in order to see your investment grow to $30,000 in 12 years? Use Appendix B. (Round "PV Factor" to 3 decimal places.)

$8,936

$9,570

$8,971

none of these

Mr. Blochirt is creating a college investment fund for his daughter. He will put in $7,000 per year for the next 17 years and expects to earn a 12% annual rate of return. How much money will his daughter have when she starts college? Use Appendix C. (Round "FV Factor" to 3 decimal places.)

$330,162

342,915

$331,175

$342,188

Dr. J. wants to buy a Dell computer which will cost $2,900 two years from today. He would like to set aside an equal amount at the end of each year in order to accumulate the amount needed. He can earn 8% annual return. How much should he set aside? Use Appendix C. (Round "FV Factor" to 3 decimal places and your final answer to 2 decimal places.)

$1,444.23

$1,494.23

$1,394.23

$1,369.23

Reference no: EM131936579

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