How much wil you have to save each year to reach this goal

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Reference no: EM131883449

1. You have $4000 in an investment returning 6% rate of return. What is the future value of this investment 10 years from now?

2. You want $5000 5 years from now and you can get a 4% rate of return. How much would you have to invest today to get that $5000 in 5 years?

3. You buy into an ANNUITY with $1,000 a year for 8 years. How much will your investment be worth 8 years from now if the annuity is getting a 4% rate of return?

4. You want to have $75,000 in 10 years and can get 7% rate of return your investments. How much wil you have to save EACH year to reach this goal?

5. Buying a life insurance annuity will pay you $2000 per year for 20 years and the interest rate is 3%. How much should you pay for this annuity today (its Present Value)?

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Reference no: EM131883449

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