http://www.ck12.org Chapter 13. Finance
interest compounded quarterly, what will her annuity be worth in 35 years?
- What will the future value of his IRA be if Ted saves $3,500 a year at the end of each year for 25 years at an
interest rate of 5.8%? - What interest rate compounded monthly is required to grow a $300 monthly payment to $1,000,000 in 35 years?
- How much will Katie need to save each month if she wants to put $55,000 down in cash on a house in 2 years?
She can earn a nominal interest rate of 6% compounded monthly.