Question: At what rate must $500 be compounded annually for it to grow to $1, 079.46 in 10 years? 6 percent 5 percent 7 percent 8

At what rate must $500 be compounded annually for it to grow to $1, 079.46 in 10 years? 6 percent 5 percent 7 percent 8 percent Your company has received a $50,000 loan from an industrial finance comp today. The annual payments are $6, 202.70. If the company is paying 9 interest per year, how many loan payments must the company make? 15 13 12 19 How much money must you pay into an account at the end of each of 20 order to have $10,000 at the end of the 20th year? Assume that the 8% per annum, and round to the nearest $1. $184 $202 $219 $225 If A1 deposits $1,000 into a bank account that pays 8% interest compound quarterly, what will the account balance be in five years? 1, 400 1, 469 1, 480 1, 486

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