What is the possible amount to invest in a savings account

Assignment Help Finance Basics

Reference no: EM131926139

Question: 1. What is the possible amount you'd have to invest in a savings account at the beginning of each year to have $40,000 at the end of 8 years?

2. You calculated an ordinary annuity with n=5 and payments = $2,000 to have a present value of $10,000. You must have made an error and used a discount rate of:

a)2%

b)5%

c)0%

d)10%

3. You buy a car for $50,000, and your first monthly payment reduces the principal balance of your loan to $49,245.84. What is the possible amount of the principal reduction that takes place as a result of your second monthly payment?

Reference no: EM131926139

Questions Cloud

What is the optimal combination of coupons to be issued : What is the optimal combination of coupons to be issued, and what is the expected net increased revenue from this promotion?

Calculate the concentration of ammonia ion : Calculate the concentration of ammonia ion that is required to prevent the precipitation of Mg(OH)2 in a solution with [Mg2+]= 0.10 M and [NH3]=0.1M

How many moles of ch3oh are present in the sample : A sample of CH3OH contains 3.35 x 10^22 atoms. How many moles of CH3OH are present in the sample?

What is the possible amount to invest in a savings account : What is the possible amount you'd have to invest in a savings account at the beginning of each year to have $40,000 at the end of 8 years?

Calculate the silver ion concentration : Calculate the silver ion concentration, [Ag^+], of a solution prepared by dissolving 1.00 g of AgNO3 and 10.0g of KCN in sufficient water to make

Find advertising strategy that will meet stores objective : The advertising director a large retail store in Columbus and Ohio. Find the advertising strategy that will meet the store's objective at minimum cost.

What is the maximum return possible from investment : Suppose that, as an owner of a federally insured S&L in the 1980s, the price of real estate falls, and most of your loans go into default.

Determine the least expensive sampling plan and total cost : A political polling organization is to conduct a poll of likely voters. Determine the least expensive sampling plan and the total cost to carry out the plan.

User Account

All Pages