Question: Please fill in exactly the same way as this form Suppose a husband wants to take his wife on a trip three years from now

Please fill in exactly the same way as this formPlease fill in exactly the same way as this form Suppose ahusband wants to take his wife on a trip three years from

Suppose a husband wants to take his wife on a trip three years from now to Europe to celebrate their 40 th anniversary. He has just received a $26,000 inheritance from an uncle and intends to invest it for the trip. The husband estimates the trip will cost $33,280. What interest rate, compounded annually, must be earned to accumulate enough to pay for the trip? Note: Use tables, Excel, or a financial calculator. Do not round your intermediate values. Enter your answer rounded to the nearest whole percentage. (FV of $1,PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1 ) You have an investment opportunity that promises to pay you $16,543 in four years. Suppose the opportunity requires you to invest $13,610 today. What is the interest rate you would earn on this investment? Note: Use tables, Excel, or a financial calculator. Do not round your intermediate values. Enter your answer rounded to the nearest whole percentage. (FV of $1,PV of $1,FVA of $1,PVA of $1, FVAD of $1 and PVAD of $1 )

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