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help solve questions

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it is an excel sheet in which finance questions are solved with formulas

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  • April 20, 2021
  • 5
  • 2020/2021
  • Other
  • Unknown
All documents for this subject (8)
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tehsintoliwala
Question 1

In 3 years you want to have $5000 in the bank, if the interest rate was 8%, how much do you need now?




Question 2

You currently have $5000 in the bank, you plan on keeping it in the bank for 10 years at a interest rate of 5%, how much w




Question 3

You currently have a student loan for $12,000 at a 6% interest. You currently pay $222.00 a month and interest compunds




Question 4

You currenlty have a loan for $5000 due in 60 mths with interest compounded monthly. You pay a monthly payment of $9




Question 5

You currently have a loan $6000 at 4.5% for 5 years compounding monthly. What is your monthly payment?

, Question 6

What deposit today would you have to make at your bank at a rate of 8% if you wanted to witthdrawal $100 each year for




Question 7

Assume that you are planning on retirement in 30 years. If you deposit $5,500 at the end of each year into an RRSP that w




Question 8

a. You are looking at buying a house and have a maximum budget of $1315 per month. The house you really like is $300,0




b. How much of a down payment would you have to put dow to be able to afford this house?



Question 9

You are looking to save $30,000, you currenlty have $5000 in the bank and plan on saving an additional $300 per month u

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