Finacce for buisness Speech or Presentation Example | Topics and Well Written Essays - 250 words

Finacce for buisness - Speech or Presentation Example Round off to the nearest $1. 11. Bobby’s grandmother deposited $100 in a savings account for him when he was born. The money has been earning an annual rate of 12% interest, compounded quarterly for the last 25 years. He is getting married and would like to take his new bride on a fabulous honeymoon. How much does he have in this account to use? 13. Harold Hawkins bought a home for $320,000. He made a down payment of $45,000; the balance will be paid off over 30 years at a 6.775% rate of interest. How much will Haroldà ¢Ã¢â€š ¬Ã¢â€ž ¢s monthly payments be? Round off to the nearest $1. 14.   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  You want to travel to Europe to visit relatives when you graduate from college three years from now. The trip is expected to cost a total of $10,000. Your parents have deposited $5,000 for you in a CD paying 6% interest annually, maturing three years from now. Aunt Hilda has agreed to finance the balance. If you are going to put Aunt Hildaà ¢Ã¢â€š ¬Ã¢â€ž ¢s gift in an investment earning 10% over the next three years, how much must she deposit now so you can visit your relatives in three