Finance question: 1.a) Liz wants to deposit an amount today that will last for 5 years....

Finance question:

1.a) Liz wants to deposit an amount today that will last for 5 years. She needs to withdraw $1,300 at the beginning of each 6-month period, and she’ll earn 8% compounded demi-annually on her investments. How much does she need to deposit to achieve her goal?

b) Jane has been investing $4.125 at the end of each year for the past 18 years. Assuming that she has earned 6.35% compounded annually on her investments, she has accumulated a total of:

c) Sam purchased an investment for $41,210. He expects it will increase in value at a rate of 7.25% compounded annually for the next 5 years. If his expectations are correct, how much will his investment be worth at the end of the fifth year?

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jeff jeffy answered 1 year ago

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