College fund investment calculator
Chapter 01 Personal Financial Planning in Action
A. Buy a car for less than $17,000 within 6 months B. Retire at age 65 with $2,000,000 in my 401(k) account C. Purchase a house with a mortgage no greater than $150,000 within 3 years D. Set up an emergency fund E. Invest $50 per month for the next 18 years for my nephew's college fund. The only complete intermediate term goal listed is C.
[DOC File]MA 101 - Montgomery College
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Find an equation for the value of the investment after t years. On the day you were born, your grandparents set a college fund for you. They deposited $10,000 in an account that paid 8% compounded annually. How much will you have available for college when you turn 18?
[DOC File]MES COLLEGE – Redefining education
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Use of Calculator is allowed. Q.No.1. Manjunath Manufacturers purchased 3 years lease on 01/04/2015 for Rs.25,000. It decided to provide for the replacement of the lease at the end of 3 years by setting up a Depreciation Fund. It is expected that investment will fetch interest at 5%.
[DOC File]MA 101 - Montgomery College
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Solve with the calculator – GRAPHICAL APPROACH. Enter Y1 = Y2 = 13000. Press WINDOW and use [0, 15] for x and [0, 15000] for y. Press GRAPH. In about 5.4 years the account will have $13,000. Compound Interest – on the day you were born, your grandparents set a college fund for you. They deposited $10,000 in an account that paid 8% ...
[DOC File]Lecture Notes on Time Value of Money
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This first year the investment returns 5%, the second year it returns i. Write an expression, using i, that represents the future value of the investment at the end of two years. Answer: FV=1,000 x (1.05) x (1+i) 11. An investment is worth $50,000 today. This first year the investment returns 9%, the second year it …
[DOCX File]1 - Tulane University
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Real Annual Deposits into College Fund _____ Procter and Gamble paid a dividend of $4.00 per share to its common stockholders yesterday. You expect its dividend to increase by 10 percent per year for the next two years, followed by an increase of 8 percent per year for the following three years, before settling into a constant growth of 3 ...
[DOC File]Simple and Compound Interest Worksheet
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In problems 4-6, compare the amount of money you have if the investment is compounded annually versus daily. Write out and calculate 2 equations per problem. $1,000 at 8% for 5 years. $2,000 at 12% for 3 years. $5,000 at 12% for 20 years. Fill in the blanks for problems 7-12. Compounding Period (n) Principal (P) Yearly rate ( r ) Time (t ...
[DOCX File]Microsoft Word - Rule of 72 2.4.5
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If her parents wait until she is 7, then her investment will be worth $7,260 29 years/12= 2.42 Approximately how many times will a $50,000 investment, earning 5.5% interest, double from age 25 …
[DOC File]BUSF 30—RETIREMENT PLANNING AND INVESTING - …
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6. Learn how to research and analyze mutual fund performance, and to develop an investment portfolio of mutual funds. STUDENT LEARNING OUTCOMES: Students will prepare a retirement planning document that. computes annual savings required to fund …
[DOC File]Math 1307 Review for Test #1 Chapter 3: Mathematics of …
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8. Parents want to have $120,000 in 15 years for their child’s college fund. How much should be deposited. monthly into an account paying 6% compounded monthly to grow to the desired amount? 9. Find the amount you must deposit now into an ordinary annuity in order to receive $250 per month for. 4 years if money is worth 8.4% compounded ...
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