I hope to have $12,000 saved up in 5 years for a European vacation! How much...

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I hope to have $12,000 saved up in 5 years for a European vacation! How much would I need to put in the bank today to grow to this amount in 5 years if the account earns 6.5%, compounded annually? Round to the nearest dollar and do not type in a dollar sign, decimal point or cents. Type your answer... If I want to have $60,000 for a down payment on a home 6 years from today, and can earn 7% compounded annually. How much do I need to save each year if I start saving a year from today, and make 6 equal annual payments? Round to the nearest dollar and do not type in a dollar sign, decimal point or cents. Type your answer... I hope to have $12,000 saved up in 5 years for a European vacation! How much would I need to put in the bank today to grow to this amount in 5 years if the account earns 6.5%, compounded annually? Round to the nearest dollar and do not type in a dollar sign, decimal point or cents. Type your answer... If I want to have $60,000 for a down payment on a home 6 years from today, and can earn 7% compounded annually. How much do I need to save each year if I start saving a year from today, and make 6 equal annual payments? Round to the nearest dollar and do not type in a dollar sign, decimal point or cents. Type your answer...

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1 To calculate the present value needed for a future amount of 12000 in 5 years with an interest rat... View the full answer