You will save $200 a month this year and increase this by 0.2% each month for...

 

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You will save $200 a month this year and increase this by 0.2% each month for the next 10 years. How much will you have at the end of the saving period if interest rates are 5%? (4) You will save 900.00 this year and increase this by 2% each year for the next 12 years. How much will you have at the end of the saving period if interest rates are 10%? What annuity would this give you in 13 years if interest rates are then 8% and the income should last for 10 years? (5) You will save $200 a month this year and increase this by 0.2% each month for the next 10 years. How much will you have at the end of the saving period if interest rates are 5%? (4) You will save 900.00 this year and increase this by 2% each year for the next 12 years. How much will you have at the end of the saving period if interest rates are 10%? What annuity would this give you in 13 years if interest rates are then 8% and the income should last for 10 years? (5)

Answer rating: 100% (QA)

1 To calculate the total amount saved over the next 10 years we can use the formula for the future v... View the full answer