naomi12360

25.01.2020 • 

Business

John rider wants to accumulate $55,000 to be used for his daughter’s college education. he would like to have the amount available on december 31, 2023. assume that the funds will accumulate in a certificate of deposit paying 8% interest compounded annually. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) answer each of the following independent questions.

(1) if john were to deposit a single amount, how much would he have to invest on december 31, 2018?
(2) if john were to make five equal deposits on each december 31, beginning a year later, on december 31, 2019, what is the required amount of each deposit?
(3) if john were to make five equal deposits on each december 31, beginning now, on december 31, 2018, what is the required amount of each deposit? (for all requirements, round your final answers to nearest whole dollar amount.)

Ответ:

LSDWW123w

17.01.2021

Business

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In fact, there is a trade-off between saving and spending money. This becomes an individual choice for most people because the temptation to consume goods and services is high and for a person to decide to invest he or she needs to have an incentive as an attractive return possibility. In my case, this is not so difficult because I am a financially controlled person. Every month I save a percentage of my income and use the rest to meet my consumption needs. That way I can balance the usefulness of my money. One part is invested for my future while the other part I use in the present.

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