Goal $1$: Opened an account with $$1500,$ with the hope to have a total of $$2500$ saved in an emergency fund within one year $($no additional payments$).$

What would the quarterly interest rate be needed to reach this goal?

Goal $2$: A credit card balance of $$2000$ with an $15\%$ rate. The goal is to pay off the credit card by the end of the year. $($future is a $$0$ balance$)$

What would be the monthly payment to reach this goal?

Goal $3$: Student loan balance of $$18,000$ at $6\mathrm{.}5\%$ and making $$425$ monthly payments. $($future is a $$0$ balance$)$

How many months will it take to complete this goal?

Goal $4$: Save $$15000$ in an account with $15\%$ for a down payment on a home in $6$ years. $($no additional payments$)$

How much must be deposited today in the account to reach this goal?

Goal $5$: Open a Roth IRA at $5\%$ for $20$ years and contribute $$1500$ on a semi$-$annual basis.

What is the potential balance of this account in $20$ years?

Solving For:

$$ Compounding Number

$$ Rate

$$ NPER

$$ PMT

$$ PV

$$ FV

$$ Answer