Reference no: EM133052342
Questions -
Q1. You need to have $10,000 to pay for your wedding in 5 years. How much do you need to deposit today in a bank that pays 4% interest, compounded annually, in order to achieve your goal?
Q2. You obtain an installment loan to pay for graduate school in the amount of $30,000. If the lender charges you 7% interest and you are required to pay the loan off in equal annual installments over a period of 8 years, what is the amount of each installment?
Q3. If you place $4,000 a year in your pension plan and the plan earns 9% per year, how much will you have available for your retirement in 30 years?
Q4. You are saving for retirement in 20 years. Today, you place $100,000 in a bank account that pays 4% interest, compounded annually, leaving the funds on deposit for the entire 20 years. You also contribute $2,000 each year into your pension plan for 10 years, beginning this year. The pension plan grows at 7% a year. How much do you have available for retirement, 20 years from now? This is a multi-step problem.
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Majority of population associates blockchain
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What is the budgeted income from Product A
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What is the amount of each installment
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Is customer experience limited to service businesses
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