2 Basie PV/FV Problems 24 1. Find the present value of $4900 to be received 10 years from today. The discount rate is 7% PV FV -Y909 M = 1 11 preto 2. Find the future value of 56,000 that will be invested at an annual rate of 7% for 15 years, @ PV = 6,000 3. Susan has a 401k plan through her job and has accumulated $375,000 in her account Her company has invested her funts in a high interest bearing account yielding 8% per year. She would like to retire with S600,000 in her account. When will she be able to retire? FV = ? ns is i = 7 PATO 4. Joc has $100,000 in an investment account. He is looking to retire in 12 years. He needs a minimum of $240,000 in order to retire. What rate of return does Joe need to make on his investment in order to be able to retire? 3 PV = 57,00 FV = 600,00 EP G