1. If you save 10,000 at the end of every year for 8 years at 8% interest...
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1. If you save 10,000 at the end of every year for 8 years at 8% interest - how much will you have at the end of that period?
2. If you start with 10,000 and save 3,000 every year for 10 years at 7.5% interest - how much will you have at the end of that period?
3. You deposit 8,000 and receive 8% annual interest (compounded semi annually) for 5 years. What is the total at the end of that period?
4. How much do you need to save annually at 7% to get to 200,000 after 20 years?
5. What is the required interest rate if you save 3,000 annually for 15 years to get to 150,000?
2. If you start with 10,000 and save 3,000 every year for 10 years at 7.5% interest - how much will you have at the end of that period?
3. You deposit 8,000 and receive 8% annual interest (compounded semi annually) for 5 years. What is the total at the end of that period?
4. How much do you need to save annually at 7% to get to 200,000 after 20 years?
5. What is the required interest rate if you save 3,000 annually for 15 years to get to 150,000?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: