1- If you wish to accumulate $100,000 in the child's college fund after 18 years,...
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1- If you wish to accumulate $100,000 in the child's college fund after 18 years, and can invest at a 6% annual rate, how much must you invest at the end of each year if the first deposit is made at the end of the first year? 2. You have $25,000 in an investment account today. How much will be in the account in 30 years If the account earns (a) 8% per year, (b) 8% compounded semiannually. (c) 8% compounded quarterly, (d) 8% compounded monthly 3- You have been depositing money at the end of each year into an account 8% interest. What is the balance in the account at the end of year four if you deposited the following amounts? 1 Year End of Year Deposit $350 2 $500 $725 $400 3 4 4. What is the present value of $12,500 to be received 10 years from today? Assume a discount rate of 8% compounded annually and round to the nearest $10 5- Jason borrows $50,000 from his father and promises to pay it back over the next 10 years, making equal annual end of year payments. Calculate the amount of each payment of the an interest rate is 9%
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