Week $5$ Assignment

Please solve the questions below. Show all your work! Identify N$,$ I$/$Y$,$ PV$,$ PMT$,$ and FV where applicable.

If you wish to accumulate $$800,000$ in $15$ years, how much must you deposit today in an account that pays an annual interest rate of $8\%?$

$\backslash$table$[[N,\frac{\text{I}}{Y},PV,$PMT$,$FV$],[,,,,]]$

If $$500,000$ is invested in an account with an annual interest rate of $9\%,$ how many years will it take for it to grow to $$10,000,000?$

$\backslash$table$[[N,\frac{\text{I}}{Y},PV,$PMT$,$FV$],[,,,,]]$

At what quoted annual interest rate must $$190,000$ be invested so that it will grow to be $$850,000$ in $15$ years if interest is compounded monthly?

$\backslash$table$[[N,\frac{\text{I}}{Y},PV,PMT,FV$