Thursday
July 24, 2014

Homework Help: personal finance

Posted by susie on Wednesday, March 17, 2010 at 6:39pm.

if you wanted to save $ 50,000 to have it available in 20years provided the investment would return an APR of 12% compounded monthly.
a. how much would you need to have at the beggining (lump sum) in order to achieve the mark of $50,000.
b. how much would you have to save every year for 20 years?
c. how much would you have to save for the first 10years and nothing more?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

finance - You have found three investment choices for a one year deposit: 10% ...
Math - If you finance $50,000 of the purchase of your new home at 4.40% ...
matttth help please - 1. Mike wants to invest money every month for 40 years. ...
Finance - Annuities - You have just graduated from the MBA program and to reward...
personal finance - in this problem: if you wanted to put aside $2,000 a year for...
Finance Help! 3 questions - Hi, i was wondering if someone could please help me ...
finance (saving for $1,000,000) - At age 5, how much would you have to save per ...
finance - Under normal conditions (70% probability), Financing Plan A will ...
finance - You want to save $1,000,000 for your retirement (under 40 years old) ...
Math - Envision that you have served as business manager of Media World for ...

Search
Members