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Posted: August 29th, 2022
Week 5
Please show your work. If you don’t show your work, you will not get credit. You can put the number next to the function in your submission. For example, FV = 150,000, PV = 250,000, i = 10%, and n = 5. Questions, let me know. If you do not show your work, no credit.
If you wish to accumulate $932,000 in 28 years, how much must you deposit today in an account that pays an annual interest rate of 9%?
What will $114,000 grow to be in 35 years if it is invested today in an account with an annual interest rate of 11%?
How many years will it take for $72,000 to grow to be $531,000 if it is invested in an account with an annual interest rate of 4%?
At what annual interest rate must $289,000 be invested so that it will grow to be $773,000 in 15 years?
At what annual interest rate must $123,000 be invested so that it will grow to be $677,000 in 23 years?
How many years will it take for $119,000 to grow to be $570,000 if it is invested in an account with an annual interest rate of 14%?
What will $39,000 grow to be in 20 years if it is invested today in an account with an annual interest rate of 13%
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