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#1 One year ago, you invested $3,400 Today, it is worth $4,150 What rate of interest did you earn? Use Goal Seek. #2 You need
#1 | One year ago, you invested | $3,400 | ||||
Today, it is worth | $4,150 | |||||
What rate of interest did you earn? Use Goal Seek. | ||||||
#2 | You need to have | $34,500 | in | 14 | years. | |
You can earn an annual interest rate of | 5.0% | for the first | 4 | years. | ||
You can earn an annual interest rate of | 5.6% | for the next | 3 | years. | ||
You can earn an annual interest rate of | 6.3% | for the next | 7 | years. | ||
How much do you have to deposit today to reach the $34,500 goal? | ||||||
#3 | When your father was born | 53 | years ago | |||
His grand parents deposited | $350.00 | in an account for him. | ||||
Today, that account is worth | $40,000.00 | |||||
What was the annual rate of return on this account? Use Goal Seek. | ||||||
#4 | Rick deposited | $2,850 | into an account | 7 | years ago. | |
Today, the account is worth | $4,160 | |||||
What annual rate of return did Rick earn on this investment? | ||||||
#5 | An investor invested | $269,000 | into an account | 14 | years ago. | |
Today, the account is worth | $207,600 | |||||
What was the annual rate of return on this account? |
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