You want to retire in 25 years. You currently have $150,000, and think you will need $1.3 million at retirement. What annual interest rate must you earn to reach your goal, assuming you don't save any additional funds?

What annual interest rate must you earn if you can contribute an additional $7,500 per year?

What annual interest rate must you earn if you can contribute an additional $15,000 per year?

You want to retire in 35 years. You currently have $250,000, and think you will need $2 million at retirement. What annual interest rate must you earn to reach your goal, assuming you don't save any additional funds?

What annual interest rate must you earn if you can contribute an additional $5,000 per year?

What annual interest rate must you earn if you can contribute an additional $13,000 per year? (12 points)

2.An investment will pay $175 at the end of each of the next 3 years, $300 at the end of Year 4, $600 at the end of Year 5, and $700 at the end of Year 6. If other investments of equal risk earn 6.9% annually, what is this investment's present value?

What is this investment's future value?

(10 points)

3. You want to buy a car, and a local bank will lend you $37,000. The loan would be fully amortized over 6 years (72 months), and the nominal interest rate would be 13.3%, with interest paid monthly. What is the monthly loan payment?

What is the loan's EFF%?

(4 points)