1. As part of your financial planning and to supplement your retirement, you decided to save $3,000 at the end of each year for 30 years, how much money you will have in your account if you can earn 10%?

2.. You want to buy a car for $25,000 that has to be paid in Five years. If the car dealer agrees to finance your car at 8%, What would be you annual payment for the car?

Answer rating: 100% (QA)

To calculate the future value of savings and the annual payment for the car loan we can use the futu... View the full answer