Search Results

#### Sara wants to have $600,000 in her savings account when she retires, How much must she...

*Sara**wants*to*have*$*600,000*in*her**savings**account**when**she**retires*,*How**much**must**she**put*in the*account**now*, if the*account**pays*a*fixed**interest**rate*of 10%, to*ensure*that*she**has*$*600,000*in 818*years*time? a. $194,247 b. $107,915 c. $114,639 d. $151,081#### Sara wants to have $600,000 in her savings account when she retires. How much must she put in the account now, if the a...

*Sara**wants*to*have*$*600,000*in*her**savings**account**when**she**retires*.*How**much**must**she**put*in the*account**now*, if the*account**pays*a*fixed**interest**rate*of 10%, to*ensure*that*she**has*$*600,000*in 18*years*time? A. $107,915 B. $151,081 C. $114,639 D. $194,247#### Sara wants to have $ 530,000 in her savings account when she retires. How much must...

*Sara**wants*to*have*$ 530,000 in*her**savings**account**when**she**retires*.*How**much**must**she**put*in the*account**now*, if the*account**pays*a*fixed**interest**rate*of 9%, to*ensure*that*she**has*$530,000 in 18*years* time?#### Sara wants to have $ 580,000 in her savings account when she retires. How much must...

*Sara**wants*to*have*$ 580,000 in*her**savings**account**when**she**retires*.*How**much**must**she**put*in the*account**now*, if the*account**pays*a*fixed**interest**rate*of 10%, to*ensure*that*she**has*$ 580,000 in 18*years* time? A. $187,772 B. $146,045 C. $110,817 D. $104,318#### Sara wants to have $530,000 in her savings account when she retires. How much must she...

*Sara**wants*to*have*$530,000 in*her**savings**account**when**she**retires*.*How**much**must**she**put*in the*account**now*, if the*account**pays*a*fixed**interest**rate*of 10%, to*ensure*that*she**has*$530,000 in 25*years*time? O A. $56,908 ○ B. $88,051 O C. $48,917 O D. $68,484#### You are a financial adviser working with a client who wants to retire in eight years....

You are a financial adviser working with a client who

*wants*to retire in eight*years*. The client*has*a*savings**account*with a local bank that*pays**8*% annual*interest*. The client*wants*to deposit an amount that will provide*her*with $1,008,000*when**she**retires*. Currently,*she**has*$303,200 in the*account*. (FV of $1, PV of $1,...#### You are a financial adviser working with a client who wants to retire in eight years....

You are a financial adviser working with a client who

*wants*to retire in eight*years*. The client*has*a*savings**account*with a local bank that*pays*9% annual*interest*. The client*wants*to deposit an amount that will provide*her*with $1,007,500*when**she**retires*. Currently,*she**has*$303,000 in the*account*. (FV of $1, PV of $1,...#### You are a financial adviser working with a client who wants to retire in eight years. The client has a savings account...

You are a financial adviser working with a client who

*wants*to retire in eight*years*. The client*has*a*savings**account*with a local bank that*pays*7% annual*interest*. The client*wants*to deposit an amount that will provide*her*with $1,005,500*when**she**retires*. Currently,*she**has*$302,200 in the*account*. (FV of $1, PV of $1,...#### You are a financial adviser working with a client who wants to retire in eight years....

You are a financial adviser working with a client who

*wants*to retire in eight*years*. The client*has*a*savings**account*with a local bank that*pays*9% annual*interest*. The client*wants*to deposit an amount that will provide*her*with $1,006,000*when**she**retires*. Currently*she**has*$302,400 in the*account*. (FV of $1. PV of $1....#### Brooke wants to open her first savings account, in order to save money for college tuition....

Brooke

*wants*to open*her*first*savings**account*, in order to save money for college tuition.*She*goes to the bank and opens an*account*that*pays**8*%*interest*compounded annually.*She*deposits $3,000 initially into the*account*.*How**much*money will*she**have*in 5*years*,*when**she*will be entering college?

ADVERTISEMENT

Need Online Homework Help?

Ask
a QuestionGet Answers For Free

Most questions answered within 3 hours.

Most questions answered within 3 hours.

ADVERTISEMENT

Earn Money sponsor