• 1.If you deposit $9,000 in a bank account that pays 12% interest annually, how much would be in your account after 5 years? Round your answer to the nearest cent.

2. What is the present value of a security that will pay $26,000 in 20 years if securities of equal risk pay 3% annually? Round your answer to the nearest cent.

3. Your parents will retire in 24 years. They currently have $300,000, and they think they will need $1,350,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places.

If you deposit money today in an account that pays 7% annual interest, how long will it take to double your money? Round your answer to two decimal places.

You have $46,808.11 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account totals $290,000. You expect to earn 14% annually on the account. How many years will it take to reach your goal? Round your answer to two decimal places at the end of the calculations.

4. Future value: annuity versus annuity due

What's the future value of a 9%, 5-year ordinary annuity that pays $400 each year? Round your answer to the nearest cent.

If this was an annuity due, what would its future value be? Round your answer to the nearest cent.

5. An investment will pay $50 at the end of each of the next 3 years, $200 at the end of Year 4, $300 at the end of Year 5, and $500 at the end of Year 6.

If other investments of equal risk earn 11% annually, what is its present value? Round your answer to the nearest cent.

If other investments of equal risk earn 11% annually, what is its future value? Round your answer to the nearest cent.