Ann deposited $1,000 in a bank account, and 10 years later she closes out the account, which is worth $2,000. What annual rate of interest has she earned over the 10 years?

At what rate must $500 be compounded annually for it to grow to $1,079.46 in 10 years?

What is the present value of an annuity of $4,000 received at the beginning of each year for the next eight years? The first payment will be received today, and the discount rate is 9%

How much money must you pay into an account at the end of each of 20 years in order to have $100,000 at the end of the 20th year? Assume that the account pays 6% per year

If you put $10,000 in an investment that returns 11 percent compounded monthly what would you have after 10 years?

Your son will be attending an expensive university in 12 years.You deposit $5,000 per year for 12 years, beginning today.How much money will be in the college fund 12 years from now if the fund earns 8% per year?

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Solutions to Financial Calculations 1 Anns Interest Rate We can use the Future Value FV formula to f... View the full answer