Your parents say that if you apply on your own and get at least a B grade on Finance 3101, they will reward you by depositing $2,050 next year, $3,500 the next, and $4,500 the following year. If you can earn 6% per year, how much will you have in your account right after your family's last deposit?

Your parents have promised to deposit you $2,050, $3,500, and $4,500, respectively, over the next three years. If your parents can earn 4% a year, how much a one-time deposit do they need today to keep their word?

The price of a security with an annual interest rate of 7% and promising to pay $250 per annum, or forever, would be:

At the end of the next 17 years, you invest $200 with a gain of 5.25% per year. What would your balance be at the end of 17 years?

Answer rating: 100% (QA)

For the first question We can use the formula for the future value of an annuity to calculate the to... View the full answer