1  With the TVM solver calculate the amounts at age 65 that would result from making a monthly deposit of $300 starting at age 16 into a saving account that earns 3% interest per annum, compounded monthly. (hint PV=0 , P/Y and C/Y are 12)  

Question #2 With the TVM solver calculate the amounts at age 65 from making a monthly deposit of $1750 starting at age 50, into a saving account that earns 3% interest per annum, compounded monthly. (hint PV=0 , P/Y and C/Y are 12)    

Question #3 What is the total amount of payment in Question #1 and Question #2? This should be the periodic payment, PMT, times the number of payments, N.  What should you do?  

Question #4 How much interest you made in question #1 compare to question #2

Answer rating: 100% (QA)

Answer 1 Using the TVM formula with PV0 PY12 CY12 r003 N1265... View the full answer