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How much would you have to invest today

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Reference no: EM132637798

1.You plan to take a vacation in 11 months that will cost $8,973 How much do you have to invest today to just fund your vacation if your investments earn 3.44% APR (compounded monthly)?

2.You will have a property tax payment due in 11 months that will cost $5,472. How much do you have to invest today to have just enough to pay your property tax bill if your investments earn 5.45% APR (compounded monthly)?

3.How much would you have to invest today to be able to withdraw $5,141 each month, for 54 months, (starting next month), if your investments earn 4.64% APR (compounded monthly)?

4.You plan to visit France for 6 months, (starting next month). You will spend $5,249 in each of those months. How much do you need to invest today to just fund your visit if your investments earn 3.23% APR (compounded monthly)?

5.How much would you have to invest today to be able to withdraw $3,743 each month, for 10 months, starting 6 months from now, if your investments earn 3.35% APR (compounded monthly)?

6.You plan on going on a 11 month vacation 7 months from now. You can pay $4,741 per month during the vacation, or you can pay $37,348 today. If you pay today, how much does it save (or cost) you in present value term if your investments earn 3.88% APR (compounded monthly)?

If it costs you more to pay today, state your answer with a negative sign (eg., -2000).

7.Your starting salary was $57,771

After 8 years of work, your salary is $65,600
What was your NOMINAL per year average percentage raise?
State your answer to 2 decimal places.
Do not include the % sign.
For example, 1.57

8.You've just been hired at a new job. You expect to work there for 4 years. Your boss offers you a hiring bonus of either $2,852 today, or an additional $43 per month, starting next month, on your salary.

If your investments earn 3.61% APR (compounded monthly), how much would you gain or lose by taking the cash-bonus today?

If you would lose money, indicate your answer with a negative number.

9.You purchase an antique car today for $45,546

You expect the price of the car to rise by 5% per year for the next 7 years.

What do you expect the price of the car to be in year 7?

10.The current cost of graduate school tuition is $18,663 per year.

The cost of tuition is rising at 6% per year.

You plan to attend graduate school for 3 years starting 4 years from now.

How much do you have to invest today if your savings account earns 2.6% APR compounded annually to just fund your tuition?

Reference no: EM132637798

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