1. If you invest $2,500 each year from now until you retire (for 40 years) how much will you have in 40 years? Your return will be 8%.
2. Would you rather have $5,000 in 4 years or $4,000 today? You can get a 10% return.
3. How much will you have in 10 years if you invest $1,000 today and you can get a 6% return that is compounded semiannually?
4. What is your car payment if you buy a car for $25,000 put 10% down and finance the rest at 4% for 3 years?
5. If you leave the Arts Foundation $30,000 how much can they spend each year forever if they can get a 6% return?
1. How much do you have to invest today to have $20,000 in 10 years if you can get 6% return on your investment
2. How much will you have in 5 years if you invest 15,000 today and you can get a 7% return on your investment
3. How much do you need in the bank when you retire if you would like to withdraw $150,000 each year for the 25 years that you are retired? You believe you can get an 7% return on your investment.