Question
1) Jason is willing to wait 14 years for his investment at One Financial to grow from $207,000 to $453,000. What interest rate does he
1) Jason is willing to wait 14 years for his investment at One Financial to grow from $207,000 to $453,000. What interest rate does he need to meet his goal?
2) On August 23rd, 2015, John borrowed $15,400 at West Bank and now owes $21,000. What interest rate does West Bank charge?
3) Jennifer is borrowing $28,500, expecting that she will repay the loan at (4.80%) interest on August 24th, 2032. How much will she need to repay?
4) General Labs wants Dave to invest enough in the company to have $120,000 in 16 years. If the investment earns 7.40%, how much will he need to invest?
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