How much would you need to invest today, assuming a fixed 7% annual interest rate, to...

Question

Question

How much would you need to invest today, assuming a fixed 7% annual interest rate, to have $500,000 in 30 years with annual compounding of interest?

If you deposit $10,000 today into an interest bearing account earning 6% per year, how much will you have 25 years from now with monthly compounding of interest?

If you save $600 at the end of each month, how much will you have in 20 years, assuming a 6% interest rate and monthly compounding?

business finance

Answer 1

Answer #1

Ans $ 65683.56

Answer 2

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