How much must be deposited today into the following account in order to have $40,000 in 5 years for a down payment on a house? Assume no additional deposits are made. An account with annual compounding and an APR of 7%.____ should be deposited today?
1. Calculate the amount of money you’ll have at the end of the indicated time period. You invest $4000 in an account that pays simple interest of 3% for 10years. The amout of money you’ll have at the end of 10 years is? 2. Calculate the amount of money you’ll have at the end of […]