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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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