Question: help answering ALL these practice questions on study guide for exam Suppose you plan to go on a dream vacation for your anniversary in 10

help answering ALL these practice questions on study guide for exam  help answering ALL these practice questions on study guide for exam
Suppose you plan to go on a dream vacation for your anniversary
in 10 years from today and you plan to save up $5,368
for the trip. If your bank is offering 5% APR interest on
deposits, then how much would have to deposit every month to reach
your goal? (Round your answer to two decimal point) Suppose you went
to a Boat show at the GRB Convention center to see all
the new boats. You ended up liking one which costs $8,500 with
no down payment. If the dealership offers you $180 monthly payment for
a 3-year loan, what is the annual interest rate is the dealership
is charging you for the 3-year loan? (Round your answer to two
decimal point) Suppose back in 2005 , the average ticket price to
a Rocket's game was $29 and now, 15 years later, it takes
$66 to see the Rockets play at the arena. What is the
growth rate of the ticket price over the 15 -year period? (Round

Suppose you plan to go on a dream vacation for your anniversary in 10 years from today and you plan to save up $5,368 for the trip. If your bank is offering 5% APR interest on deposits, then how much would have to deposit every month to reach your goal? (Round your answer to two decimal point) Suppose you went to a Boat show at the GRB Convention center to see all the new boats. You ended up liking one which costs $8,500 with no down payment. If the dealership offers you $180 monthly payment for a 3-year loan, what is the annual interest rate is the dealership is charging you for the 3-year loan? (Round your answer to two decimal point) Suppose back in 2005 , the average ticket price to a Rocket's game was $29 and now, 15 years later, it takes $66 to see the Rockets play at the arena. What is the growth rate of the ticket price over the 15 -year period? (Round your answer to 2 decimal point) Suppose if you want to save up $4,924 to celebrate your marriage anniversary. If you plan to deposit $138 per month at the end of each month, while your deposits earn 6\% interest per year, how long would it take for you to reach you goal? (Round your answer to 2 decimal point). Suppose you went to a car dealership to buy a car. The car that you liked comes with a total "drive-out price" of $13,500 with no down payment. If the dealership offers you $242.58 monthly payment for a 5-year loan, what is the annual interest rate is the dealership is charging you for the 5-year loan? (Round your answer to two decimal point) Here is an interesting question... how many years would it take for your investment of 1,487 to grow threefold, if it were invested at an 8\% APR, compounded monthly? (Round your answer to a two decimal point) If you have $1,264 in your brokerage account and you want it to grow to be $2,648 in 7 years, how much return (interest rate) per year do you want to reach your goal? (Round your answer to two decimal point) Suppose you need some money today and your friend, the Loan Shark, is willing to loan you an amount today. If he wants you to pay back $4,281 at the end of 8 years and he charges 9% APR interest on his loan to you, how much money will you receive as a loan today from your Loan Shark friend? (Round your answer to TWO decimal points) Suppose you want to create a "college fund" for your newborn child and plan to deposit $4,254 in a bank account at the beginning of each of the next 6 years. If the account paid 8% interest per year, how much will be in the account at the end of the 6th year? (Work out the problem on a separate sheet of paper before entering the answer.) (Round up your answer to two decimal point) Suppose you found the house that you have been looking for years! It comes with a price tag of $210,238. As luck would have it, you also found a bank that is running special where they will finance your house 100% (with no down payment) with a 10\% APR, 30 year loan. How much would be your monthly payment amount? (Round up your answer to two decimal point) Suppose after you graduate, you and 9 of your friends plan to set up a scholarship fund which gives out a yearly $2,087 scholarship to needy students, forever. If you find a mutual fund which guarantees an annual rate of return of 10% on your initial deposit, how much would you all have to collect to start off the scholarship fund and never to add a penny to it ever again? (Round your answer to a whole number) Suppose your bank charges you an annual interest rate of 9% on your loan. If the interest is compounded monthly. What is the effective annual rate (EAR) the bank is charging you on the loan? (Round your answer to 2 decimal points) Suppose you want to honor your mom and dad by setting up a scholarship fund which gives out a yearly $1,815 scholarship to orphan students, forever. If you find a mutual fund which guarantees an annual rate of return of 13% on your initial deposit, how much would you have to put in to start off the scholarship fund and never to add a penny to it ever again? (Round your answer to a whole number) Suppose you won a law suit settlement of $2,036 per month for the next 6 years. Suppose you don't want to wait each month to get your payment and you want the cash now. If the going interest rate is 13% APR then how much is your settlement worth today? (Round the answer two decimal point) Suppose it is your long time dream to own a Mountain bike, which costs $1,890 but unfortunately you only have $982 saved up for it :( If your bank gives you 10\% APR on deposits, how long will you have to wait to have enough money to buy your dream bike? (Round the answer two decimal point)

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