What is the present value of a monthly payment

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If you were to save $5000 every year for the next ten years as well as you could invest at a rate of 12% on average, what could be the total value of your investment in 10 years?

What is the present value of a monthly payment of $200 for every month through the next 8 years? Presume that the rate of interest is 6% annually.

At what rate of interest would you want to invest in order for a savings of $20,000 per year to be worth one million dollars after 25 years?

Reference no: EM1399480

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