(Type A) If Beth makes an initial investment of $1,500, how much will it be worth...

  
 
 

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(Type A) If Beth makes an initial investment of $1,500, how much will it be worth after three years if her average return is 8 percent (compounded monthly)? (Note: Your answer should have two decimal places.) (Type C) How much money does Ted need to invest each month in order to accumulate $20,000 over a five-year period, if he expects to get a return of 8 percent per year? (Note: Your answer should have two decimal places.) (Type A) At the end of 10 years, your friend wants to have $50,000 saved for a down payment on a house. He expects to earn 6 percent (compounded monthly) on his investments over the next 10 years. How much would your friend have to put in his investment account each month to reach his goal? (Note: Your answer should have two decimal places.) (Type B) You want to go to Europe 5 years from now, and you can save $5,000 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 6.5% per year. Under these conditions, how much would you have just after you make the 5th deposit, 5 years from now? (Note: Your answer should have two decimal places.) (Type A) If Beth makes an initial investment of $1,500, how much will it be worth after three years if her average return is 8 percent (compounded monthly)? (Note: Your answer should have two decimal places.) (Type C) How much money does Ted need to invest each month in order to accumulate $20,000 over a five-year period, if he expects to get a return of 8 percent per year? (Note: Your answer should have two decimal places.) (Type A) At the end of 10 years, your friend wants to have $50,000 saved for a down payment on a house. He expects to earn 6 percent (compounded monthly) on his investments over the next 10 years. How much would your friend have to put in his investment account each month to reach his goal? (Note: Your answer should have two decimal places.) (Type B) You want to go to Europe 5 years from now, and you can save $5,000 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 6.5% per year. Under these conditions, how much would you have just after you make the 5th deposit, 5 years from now? (Note: Your answer should have two decimal places.)

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