Question: Please help Thanks in advance! Question: 3 How much would you have to invest today to receive $70,000 in ten years at 6.25 percent per
Question: 3 How much would you have to invest today to receive $70,000 in ten years at 6.25 percent per year? Question: 4 Ms. Nelson will receive $15,000 a year for the next 25 years from her retirement fund. If a 6 percent is applied, what is the current value of her retirement fund? Question 5 Assume you deposit $3,000 every 6 months at 8 percent compounded semiannually. How much will you have at the end of 12 years? Question 6 If you need $60,000 for your son's education in 10 years, how much must you deposit at the beginning of each year in the bank earning 5 percent in order to have the college money ready? Question 7 If you have $40,000 in a savings account earning 6 percent, how large an annuity can you draw out each year if you want nothing left at the end of 10 years? Question: 8 You borrow $10,000 at an 8 percent annual loan rate to be repaid in 5 equal payments at the end of each of the next 5 years. How large is the total interest payment over the five years? Question: 9 a I invested $400,000 in a cattle ranch and I sold that ranch for $900,000 12 years later. What was my annual percentage rate return? Question: 10 How much can I borrow for the purchase of my first home if I can afford to make monthly payments of $1,400 and the annual interest rate is 4.8 percent on a 30-year mortgage
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