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College Education Savings Calculation

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Questions and Answers

What is the present value of $40,000 to be received thirteen years from now if you can earn 6.3 percent on your funds?

$21,327.59 (correct)

$25,384.62

$18,925.93

$15,476.25

If you can earn 6.3 percent on your funds, how much money must you set aside today to have $40,000 in thirteen years?

$21,327.59 (correct)

$35,625.00

$31,467.35

$25,384.62

What is the future value of $40,000 if you invest it for thirteen years at an interest rate of 6.3 percent?

$84,572.80

$96,284.17

$102,520.00 (correct)

$107,200.00

If you invest $20,000 today at an interest rate of 6.3 percent, how much will it grow to in thirteen years?

$52,840.00 Signup and view all the answers

How much money must you set aside today to have $40,000 in thirteen years if you can earn 6.3 percent on your funds?

$16,999.15 Signup and view all the answers

What is the present value of $40,000 to be received thirteen years from now if you can earn 6.3 percent on your funds?

$16,999.15 Signup and view all the answers

If you would like to give your daughter $40,000 towards her college education thirteen years from now, how much money must you set aside today if you can earn 6.3 percent on your funds?

$16,999.15 Signup and view all the answers

How much should you set aside today to have $40,000 in thirteen years if you can earn 6.3 percent on your funds?

$16,999.15 Signup and view all the answers

College Education Savings Calculation

Choose a study mode

Podcast

Questions and Answers

What is the present value of $40,000 to be received thirteen years from now if you can earn 6.3 percent on your funds?

If you can earn 6.3 percent on your funds, how much money must you set aside today to have $40,000 in thirteen years?

What is the future value of $40,000 if you invest it for thirteen years at an interest rate of 6.3 percent?

If you invest $20,000 today at an interest rate of 6.3 percent, how much will it grow to in thirteen years?

How much money must you set aside today to have $40,000 in thirteen years if you can earn 6.3 percent on your funds?

What is the present value of $40,000 to be received thirteen years from now if you can earn 6.3 percent on your funds?

If you would like to give your daughter $40,000 towards her college education thirteen years from now, how much money must you set aside today if you can earn 6.3 percent on your funds?

How much should you set aside today to have $40,000 in thirteen years if you can earn 6.3 percent on your funds?

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