1. If you wish to accumulate $110,000 in 10 years, how much must you deposit today in an account that pays an annual interest rate of 11% 2. What will $252,000 grow to be in 10 years if it is invested to day in an account with an annual interest rate of 12%? 3. How many years will it take for $134,000 to grow to be $468,000 if it is invested in an account with an annual interest rate of 8%? 4. At what annual interest rate must $133,000 be invested so that it will grow to be $437,000 in 11 years? 5. If you wish to accumulate $194,000 in 3 years, how much must you deposit today in an account that pays a quoted annual interest rate of 10% with semi-annual compounding of interest? 6.

What will $151,000 grow to be in 10 years if it is invested today in an account with a quoted annual interest rate of 8% with monthly compounding of interest? 7.

How many years will it take for $195,000 to grow to be $550,000 if it is invested in an account with a quoted annual interest rate of 9% with monthly compounding of interest? N=? 8. You are offered an annuity that will pay $28,000 per year for 8 years (the first payment will occur one year from today). If you feel that the appropriate discount rate is 9%, what is the annuity worth to you today? 9. If you deposit $12,000 per year for 10 years (each deposit is made at the end of each year) in an account that pays an annual interest rate of 13%, what will your account be worth at the end of 10 years? 10. You plan to borrow $385,000 now and repay it in 25 equal annual installments (payments will be made at the end of each year). If the annual interest rate is 12%, how much will your annual payments be?