Question: 1 ) You deposit $ 5 0 0 into a savings account that pays 2 . 4 % compounded annually. How much will you have
You deposit $ into a savings account that pays compounded annually. How
much will you have in the account if you leave the money there for years?
You would like to have $ in an account years from now. You find an investment
that would pay a annual rate of return. How much would you have to invest to
meet your goal?
An investment would cost $ upfront, and pay you $ six years from now. If you
could earn in a savings account, is this a good investment?
You deposit $ in a savings account that pays interest annually. How long will
you have to leave the money in the account for it to triple?
You have $ in savings, and would like to buy a used car that would cost $ in
three years. What is the minimum interest rate you would need to earn on your $ to
succeed in your goal?
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