How much does he need to invest every quarter

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Reference no: EM133432753

Question 1. What does FV represent in the formula:

FV_t = Po (1+r)^t

First Variable

First Value

Future Variable

Future Value

Question 2. Fill in the following blanks:

PVIF_8%,5 means that the rate is [BLANK] and the time is [BLANK] years.

Question 3. At the end of 7 years, an investment with a discount rate of 12% is worth $300. What is the present value?

The present value is $ [ ]

Question 4. If Dain wants $50,000 after 3 years to make a down payment on a house, how much does he need to invest every quarter, into an account that pays 6% compounded quarterly?

Reference no: EM133432753

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