Present Value 8-36. Future Value What is the amount you have to invest today at 3 percent annual interest to be able to receive $10,000 after a. 5 years? b. 10 years? c. 20 years? 8-37. How much money would Ruby Carter need to deposit in her savings account at Great Western Bank today in order to have $16,850.58 in her account after five years? Assume she makes no other deposits or withdrawals and the bank guarantees an 6 percent annual interest rate, compounded annually. If you invest $35,000 today, how much will you receive after a. 7 years at a 5 percent annual interest rate? b. 10 years at a 7 percent annual interest rate? 8-39. The Apple stock you purchased twelve years ago for $55 a share is now worth $490.39. What is the compounded annual rate of return you have earned on this investment? 8-40. Amy Jolly deposited $1,000 in a savings account. The annual interest rate is 10 percent, compounded semiannually. How many years will it take for her money to grow to $4,321.94? Future Value 8-38. Solving for k Solving for n Chapter 8 The Time Value of Money 8-41. Beginning a year from now, Bernardo O'Reilly will receive $50,000 a year from his pension fund. There will be fifteen of these annual payments. What is the present value of these payments if a 6 percent annual interest rate is applied as the discount rate? Present Value of an Ordinary Annuity 233