How much do you have to invest each month-investment goal

Assignment Help Financial Management

Reference no: EM131010542

You would like to have $47,436 for the down payment on a house you plan to buy five years after you graduate. If your investments earn 4.9% APR compounded monthly, how much do you have to invest each month, starting next month, to meet your investment goal? Calculate your answer to the nearest penny.

Reference no: EM131010542

Questions Cloud

How did the group make decisions : How did the group make decisions? How did the individual members communicate with one another? What personality factors helped or hindered the performance of the group

Lawsuit judgment-what is the current equivalent lump sum : After an injury, you win a lawsuit judgment of $3,334 per month starting next month for a total of 43 months. If the interest rate is 8.1% APR compounded monthly, what is the current equivalent lump sum of your settlement?

Identifying a policy : You are identifying a policy (it could be a university policy or any other government or institutional policy). You will give a detailed account of why the policy was created, when it was established, who established it

How many times do you use swear words in conversations : The Chronicle of Higher Education (August 31, 2001) published data collected in a survey of a large number of students who were college freshmen in the fall of 2001. Of those surveyed, 70.6% reported that they were attending their ?rst-choice coll..

How much do you have to invest each month-investment goal : You would like to have $47,436 for the down payment on a house you plan to buy five years after you graduate. If your investments earn 4.9% APR compounded monthly, how much do you have to invest each month, starting next month, to meet your investmen..

What correlations does the article indicate : In your paper, please focus on carefully discussing correlations and causations: What correlations does the article indicate? What causations does the article suggest? Be specific.

Consequences of medical marijuana in america : What are some benefits and consequences of medical marijuana in america

Discuss the design of an experiment to collect information : Firing temperature varies slightly at different locations in the kiln, and ?ring temperature may also affect cracking. Discuss the design of an experiment to collect information that could be used to decide between the two clay types. How does yo..

What ethical or constitutional dilemmas : 500 WORDS What ethical or constitutional dilemmas if any can be anticipated by law enforcement intelligence units when using open source information?

User Account

All Pages