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3 - P . Barbara Walters proposes to sell family assets worth $ 8 0 , 5 3 0 and invest the proceeds in stocks.

3-P. Barbara Walters proposes to sell family assets worth $80,530 and invest the proceeds in stocks. Walters expects the investment to pay $800 every month for 18 years. What is the annual percentage rate on the investment?
3-Q. Ms. Nichols plans to save $950 every month for 14 years and expects to accumulate $328,588 in the retirement fund by the end. What is the annual percentage rate of return on the savings?
Perpetuity Valuation
3-R. If the discount rate is 8.9%, what would you be willing to pay for receiving a payment of $600 at the end of every year forever?
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