a. If you deposit 3500 dollars into an account with an APR of 8% compounded quarterly,...

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a. If you deposit 3500 dollars into an account with an APR of 8% compounded quarterly, how long you should wait until there is 5000 dollars in the account? b. You are thinking to buy a car 10 years from today. At that time, you expect the car to cost 60'000 dollars. You currently have 15 000 dollars to invest. What must be an APR of the investment account compounded monthly so that you can buy the car in 10 years? e. Assume you invest into an account with an APR of 5% compounded annually. Calculate the present value of an investment that pays 200 dollars every two years. Explain your solutions. a. If you deposit 3500 dollars into an account with an APR of 8% compounded quarterly, how long you should wait until there is 5000 dollars in the account? b. You are thinking to buy a car 10 years from today. At that time, you expect the car to cost 60'000 dollars. You currently have 15 000 dollars to invest. What must be an APR of the investment account compounded monthly so that you can buy the car in 10 years? e. Assume you invest into an account with an APR of 5% compounded annually. Calculate the present value of an investment that pays 200 dollars every two years. Explain your solutions.

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a To calculate the time required for the initial deposit of 3500 to grow to 5000 with an APR of 8 compounded quarterly we can use the formula for comp... View the full answer