Questions LLC
Login
or
Sign Up
Ask a New Question
Personal Finance
Saving and Investments
Compound Interest Calculation
Bob and Joy Salkind want to save $50,000 in 5 ½ years for home improvement projects. If the Bank of Aventura is paying 8% interest compounded quarterly, how much must the couple deposit now to have the money for the projects
1 answer
solve for P:
P(1+.08/4)^(4*5.5) = 50000
You can
ask a new question
or
answer this question
.
Related Questions
Tamika has $2,000 she wants to save. She has two options: She could save at a bank for 3 years with a fixed simple interest rate
Aika needs to renovate her bathroom but is feeling overwhelmed at the process. While watching TV, a commercial for a large home
Drew is twice as old as his sister joy.The quotient of their ages five years ago is seven less than Joy's present age. Find out
Jin has $75,000 of his “hard-earned” money invested in The Home Depot, Inc. (Home Depot), the largest home improvement
1. Angelo wants to renovate his house in 3 years. He estimates the cost 300,000. How much must Angelo invest now at 8%
After graduating high school Estella plan to work for 2 years while living at home she will work 50 weeks of the year develop a
Migrations of Homo sapiens
200,000 years ago appear in Africa 40,000 years ago arrive in Europe 20,000–60,000 years ago ?
Bob and Joy Salkind want to save $50,000 in 5 ½ years for home improvement projects. If the Bank of Aventura is paying 8%
13. Bob and Joy Salkind want to save $50,000 in 5 ½ years for home improvement projects. If the Bank of Aventura is paying 8%
Bob and Joy Salkind want to save $50,000 in 5 ½ years for home improvement projects. If the Bank of Aventura is paying 8%