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Future Value of Savings Assignment | Homework For You

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May 22nd, 2020
  1. You have $75,000 to invest. You need the money in 12 years and you expect to earn 7% per year. How much will you have in 12 years?Homework For You
  1. Owen needs $260,000 in 9 years for his daughter’s education. If he can earn 6% per year, how much does he need to invest today?
  1. You have $23,000 to invest and you need $60,000 for a down payment and closing costs on a house. If you want to buy the house in 8 years, what rate of interest do you need to earn?
  1. You have $5,000 to invest right now and you figure you will need $35,000 to buy a new car. If you can earn 8% per year, how long before you can buy the car? Get Finance homework help today

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