Find missing cf associated with future value of

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Mathematical Applications for the Management, Life, and Social Sciences
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Chapter 1 / Exercise 58
Mathematical Applications for the Management, Life, and Social Sciences
Harshbarger
Expert Verified
Find missing CF associated with future value of multiple cash flows 3. If Ceci invested $5,800 today in an account that is expected to earn 3.2 percent per year, and she expects to make another investment in the same account in 3 years, then how much money does Ceci expect to invest in 3 years if she expects to have $15,000 in her account in 4 years from today? A. An amount less than $7,500 B. An amount equal to or greater than $7,500 but less than $7,700 C. An amount equal to or greater than $7,700 but less than $8,200 D. An amount equal to or greater than $8,200 but less than $8,500 E. An amount equal to or greater than $8,500
3. If Ceci invested $5,600 today in an account that is expected to earn 3.4 percent per year, and she expects to make another investment in the same account in 3 years, then how much money does Ceci expect to invest in 3 years if she expects to have $15,000 in her account in 4 years from today?
3. If Ceci invested $5,400 today in an account that is expected to earn 3.6 percent per year, and she expects to make another investment in the same account in 3 years, then how much money does Ceci expect to invest in 3 years if she expects to have $15,000 in her account in 4 years from today?
3. If Ceci invested $5,200 today in an account that is expected to earn 3.8 percent per year, and she expects to make another investment in the same account in 3 years, then how much money does Ceci expect to invest in 3 years if she expects to have $15,000 in her account in 4 years from today?
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Mathematical Applications for the Management, Life, and Social Sciences
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Chapter 1 / Exercise 58
Mathematical Applications for the Management, Life, and Social Sciences
Harshbarger
Expert Verified
FNAN 301, Fall 2010, quiz 2, solutions Convert problem to months and give APR that needs to be converted to quarterly rate 4. Davi currently has $26,000 saved for a new car that she plans to buy for $41,000 in 2 years from today. She believes she can earn an annual rate of return of 12.8 percent on her investments. How much does Davi need to save each quarter for 2 years to have exactly enough in 2 years to pay for her car if she makes her next contribution to savings later today? 4. Davi currently has $27,000 saved for a new car that she plans to buy for $42,000 in 2 years from today. She believes she can earn an annual rate of return of 12.8 percent on her investments. How much does Davi need to save each quarter for 2 years to have exactly enough in 2 years to pay for her car if she makes her next contribution to savings later today? 4. Davi currently has $28,000 saved for a new car that she plans to buy for $43,000 in 2 years from today.

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