Question: 1. 2. 3. please answer all three if you can You currently have $60,000 in your bank account and you will need a total of

1. 1. 2. 3. please answer all three if you can You currently

2. have $60,000 in your bank account and you will need a total

3. of $90,000 in 10 years to pay for a down payment on

please answer all three if you can

You currently have $60,000 in your bank account and you will need a total of $90,000 in 10 years to pay for a down payment on a house. What interest rate do you need to earn in order to have $90,000 in your bank account 10 years from now? Enter your answer as a percentage rounded to 2 decimal places. Do not include the percentage sign in your answer. Enter your response below. Number % Suppose you take out a car loan that requires you to pay $10,000 now, $5,000 at the end of year 1, and $6,000 at the end of year 2. The interest rate is 4% now and increases to 10% in the next year. What is the present value of the payments? Enter your response below rounded to 2 decimal places. Number Suppose you will need $6,000 in 23 years. If your bank compounds interest at an annual rate of 14%, how much will you need to deposit into your account 4 year(s) from now to reach your goal? Enter your answer rounded to two decimal places. Number

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