1.A family desires to have 300,000 available for a daughters college expenses in 20 years. If 8% can be earned on the invested capital, what is the starting amount today? a. $64,364  b. $100,916 c. $140,138 d. $150,448   2.One of the famous paintings of Claude Monet was sold in 2016  at auction for $2,000,000,000. If the original selling price in 1926 was the equivalent of $2,500, what is the return on investment (ROI) of this painting? a. 12.7%. b. 15.6%. c. 16.3%.  d. 18.3%.   3.If $5,000 is invested today into a 4% account and it accumulates to $30,000, what is the number of years required, using logarithms. a. 31.5 years. b. 34.7 years. c. 40.6 years. d. 45.7 years.   4.If $20,000 is invested now in an account at Smithtown Mutual Fund, earning 6% annually,  what is the total  amount 25 years later? a. $81,033. b. $85,837.  c. $68,705. d. $79,599.

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Lets go through each question and calculate the answers 1 To determine the starting amount today we can use the future value formula FV PV 1 rn Where ... View the full answer