$1.\_\_\_\_\_\_\_\_\_\_\_\_$If MT$,$ Inc. has earnings per share of $$2\mathrm{.}50$ in $2024$ and its growth rate is $9\%,$ how long will it take

MT$,$ Inc. to double its earnings per share? $($assume annual compounding$).$

$2.\_\_\_\_\_\_\_\_\_\_\_\_$Emma deposits $$2,500$ into a Certificate of Deposit at the local bank and it is paying $4\mathrm{.}1\%$ for

three years. Assuming annual compounding, how much will Emma$$s have at the end of three years?

$3.\_\_\_\_\_\_\_\_\_\_\_\_$ John is saving to pay cash for his next car. He is investing $$600$ per month and wants to have

$$22,000$ to buy a nice used car. Assuming he is earning $7\mathrm{.}5\%$ on his investment, how many months will it take

John to have the $$22,000$ he needs for the car?

$4.\_\_\_\_\_\_\_\_\_\_\_\_\_$ If Susan borrows $$22,000$ today for a car on a $5-$year loan at a rate of $7\mathrm{.}5\%,$ how much will her

monthly payments be$?$

$5.\_\_\_\_\_\_\_\_\_\_\_\_\_$ Olivia is age $26$ and is aggressively planning for retirement as she understands that the time

value of money works best when one starts saving early. She is saving $$3,000$ per month into various index funds

that are earning around $5\mathrm{.}4\%.$ How much will she have at age $66$ if she continues saving at this rate?

$6.\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$If your company has revenue of $$50,000$ in $2024$ and revenues grow by $5$ percent year, how

much will your company$$s revenues be in $2028?($assume annual compounding$)$

$7.\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ How much would Adam need to invest today $($as a lump sum$)$ to have $$12,000$ in $8$ years?

Assume Adam is earning $6$ percent compounded annually.

$8.\_\_\_\_\_\_\_\_\_\_\_\_\_\_$Assume your friend Norman offers to pay you $$6,500$ in $5$ years if you will let him borrow

$$some money$$ now. If you need a return of $9\%$ on your money, how much will you lend Norman now to have

him repay you the $$6,500$ in $5$ years? $($assume annual compounding$)$

$9.\_\_\_\_\_\_\_\_\_\_\_\_$ Sally just retired with $$780,000$ in her $401($k$).$ She is concerned that this amount will be enough

for her lifestyle needs during retirement. How much will she be able to withdraw per year for $30$ after

retirement if her money is earning $5\%?$

$10.\_\_\_\_\_\_\_\_\_$ Alice would like to purchase a car and failed to save enough money in advance so she will need to

borrow $$20,000$ for the car. If she borrows this amount for $4$ years at $6\%$ interest rate, how much will her

monthly payments be$?$

$11.\_\_\_\_\_\_\_\_\_\_\_\_$ Joe has an opportunity to purchase an annuity that pays $$8,000$ at the end of each of the next $10$

years. If Joe is currently earning $8\%$ on his money $($his opportunity cost of money$),$ how much should Joe be

willing to pay for this annuity? $($assume annual compounding$)$

$12.\_\_\_\_\_\_\_\_\_\_\_\_\_$ Albert inherited $$300,000$ from his favorite aunt and invested it at $8$ percent per year. How

much could Albert withdraw at the end of each of the next $20$ years before his had spent all of his money?

$13.\_\_\_\_\_\_\_\_\_\_\_\_\_$ Jim and Jane just married and want to purchase a house. They have $$80,000$ for a down

payment and want to purchase a $$380,000$ house. If they borrow the balance for $15$ years at $7\%,$ how much are

their monthly payments?

$14.\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ Your friends Jack and Jill are borrowing $$350,000$ on a $30-$year mortgage for a home. If their

rate is $8\mathrm{.}1$ percent, how much interest will they pay in total if they keep this loan for $30$ years?

$15.\_\_\_\_\_\_\_\_\_\_\_$You are currently $25$ years old and would like to have $$2,000,000$ in a retirement account when

you retire at age $60.$ If you are able to consistently earn $6\%$ on your money, how much do you need to save each

month to achieve your goal?