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1. I need$ 120,000 five years from now. I can invest at 12%. If I have toinvest some amount now, how much do I need toinvest?<?xml:namespace prefix = o ns ="urn:schemas-microsoft-com:office:office" />

2. Iinherited $50,000 today from my uncle. I invested in an investmentat 10%. I would make equal withdrawals at the end of every year fornext 5 years and spend on vacations.

How much can Iwithdraw from my account every year?

3. Thereis a house in the market you would like to buy. The house is listedfor $220,000. You will pay a down payment of $20,000. For thebalance you will take 15 year loan at 6%.

What will be your annualhome loan payment?

I need $56,000 after 3 years. I can invest at 10%. I will invest anequal amount every year for next 3 years. How much will be theannual investment?

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Jamar Ferry
Jamar FerryLv2
28 Sep 2019

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