Wednesday
October 1, 2014

Homework Help: Business Finance

Posted by allison on Friday, February 3, 2012 at 4:44pm.

you are saving for your child's college.. there are 15 years before they will be in college. you have saved 0 so far. Your goal is $98,000. assume annual in rate is 8%. how much must you save at the end of each year in equal amounts to reach your goal? I know that with the hp10bII calc I am using, I would use 15N, 8 I/Yr, $98,000FV. I am just not sure if I am coming up with the correct payment though.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Finance - Professor Anderson has a daughter who is 3 years old. In 15 years she ...
Finance - Professor Anderson has a daughter who is 3 years old. In 15 years she ...
Finance - 5. John and Daphne are saving for their daughter Ellen's college ...
finance (math) - You think that in 15 years it will cost $214,000 to provide ...
Finance - shley is planning to attend college when she graduates from high ...
English - 1. Which of the following is a specific goal? A. I will pass as many ...
BUSINESS FINANCE - John Smith wants $80,000 per year in his retirement. He plans...
finance - Anne is planning to attend college when she graduates from high school...
Finance - Sydney saved 50 000 during her first year of work after college and ...
Finance - If a father wants to have $100,000 to send a newborn child to college...

Search
Members