CHAPTER 1 FINANCIAL PLANNING PROBLEMS 1.Ben Collins plans to buy a house for $220,000. If that real estate property is expected to affix in foster 3 percent each grade, what would its remainder together(p) nurture be seven classs from now? $220,000 x 1.230= $270,600 Total value 5.What would be the yearly winnings for a individual with $8,000 in savings at an annual interest swan of 2.5 percent? $8000 x 0.7445= 5952+8000= $13,952 Total yearly earnings 6.Using metre value of money tables, calculate the following: a.The future tense value of $450 six years from now at 7 percent. $450 x 1.501=$675.45 b.The future value of $800 saved each year for 10 years at 8 percent. $800 x 14.487=$11,589.60 c.
The warmheartedness that a person would have to deposit straight off (present value) at a 6 percent interest rate in graze to have $1,000 five years from now. $1000 x .747=$747.26 d.The amount that a person would have to deposit today in secernate to be able to take off $ergocalciferol a year for 10 years from an password report earning 8 percent. $500 x 6.710=$3,355.00 would need to be deposited 10. Carla Lopez deposits $3000 a year into her retirement account. If these funds have an ordinary earning of 9% oer the 40 years until her retirement, what would be the value of her retirement account? $3000 x 337.890=1,013,670If you want to get a full essay, order it on our website: OrderCustomPaper.com
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