Finance
posted by Ritta .
Dr. J. wants to buy a Dell computer which will cost $2,788 four years from today. He would like to set aside an equal amount at the end of each year in order to accumulate the amount needed. He can earn 7% annual return. How much should he set aside?

627.93
Respond to this Question
Similar Questions

Personal Finance Concepts
After a protracted legal case, Joe won a settlement that will pay him $11,000 each year for the next ten years. If the market interest rates are currently 5%, exactly how much should the court invest today, assuming end of year payments, … 
personal finance
After a protracted legal case, Joe won a settlement that will pay him $11,000 each year at the end of the year for the next ten years. If the market interest rates are currently 5%, exactly how much should the court invest today, assuming … 
Finance
Dr. J. wants to buy a Dell computer which will cost $2,788 four years from today. He would like to set aside an equal amount at the end of each year in order to accumulate the amount needed. He can earn 7% annual return. How much should … 
Finance
Mr fish want to build a house in 10 years. he estimates that the total cost will be $170,000. if he can put aside 10,000 at the end of the year, what rate of return must he return must he earn in order to have the amount needed? 
Personal Finance
Mary just deposited $33,000 in an account paying 7% interest. She plans to leave the money in this account for eight years. How much will she have in the account at the end of the seventh year? 
finance 200
dr. j wants to buy a dell computer which will cost 2788 four years from today . he would like to set aside an equal amount at the end of each year in order to accumulate the amount needed . He can earn 7% annual return . How much should … 
Finance
Mary and Joe would like to save up $10,000 by the end of three years from now to buy new furniture for their home. They currently have $1500 in a savings account set aside forthe furniture. They would like to make three equal year … 
Personal Finance
Mary and Joe would like to save up $10,000 by the end of three years from now to buy new furniture for their home. They currently have $1500 in a savings account set aside for the furniture. They would like to make three equal year … 
personal finance
A.After a protracted legal case, Joe won a settlement that will pay him $11,000 each year at the end of the year for the next ten years. If the market interest rates are currently 5%, exactly how much should the court invest today, … 
Business Math
Nancy would like to accumulate $10,000 by the end of 3 years from now to buy a used car from her friend,Jin. She has $2,500 now and would like to save equal annual end of year deposits to pay for the car. Calculate how much should …