Question: Using Financial Formulas for each pls. Show all steps also. 1) Ben is looking at an investment that will pay $1,500 in 4 years if

Using Financial Formulas for each pls.

Show all steps also.

1) Ben is looking at an investment that will pay $1,500 in 4 years if he invests $1,000 today. What is the implied rate of interest? (Please keep two decimal places.)

2) Forty years ago, your mother invested $6,000. Today, that investment is worth $430,065.11. What is the average annual rate of return she earned on this investment?

3) Your father invested a lump sum 26 years ago at 5.25 percent annual interest. Today, he gave you the proceeds of that investment which totaled $51,480.79. How much did your father originally invest?

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