Change the interest rate in small increments

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Reference no: EM13727283

1) If you save $165/mo. for the next 42 years at 12.5% how much will you have at the end of 42 years?

2) If you borrow $105,000 to buy a house at 6.75% what will be the monthly payment on a 30 year mortgage? (To gain extra practice, change the interest rate in small increments and see what happens to the payment)

3) How much will you have to save per month at 11.5% to have $1,750,000 in 38 years

4) How much will you have to deposit today at 7.75% to provide you with a monthly payment of $8,500 for the next 30 years?

Reference no: EM13727283

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