A business owner plans to deposit his annual profits in an investment account earning a 9% annual return. If the owner starts with their first d+sit today for $22,000 and expects to make the same profit for the next 7 years, how much will be saved for retirement at that point? Answer: An investor plans to invest $500 a year and expects to get a 10.5% return. If the investor makes these contoibutions at the end of the next 20 years, what is the present value of this investment today? Answer: What is the present value (PV) of a 12-year lease arrangement with an interest rate of 7.5 percent that requires annual payments of $4,250 per year with the first payment being due now? Answer: A recent college graduate hopes to have $200,000 saved in their retirement account 25 years from now by contributing $150 per month in a 401(k) plan. The goal is to earn 10% annually on the monthly contribution Will they have the $200,000 at the end of the 25 years? Answer: + R3-Set 1, Part 2 WK 3 - Set 2, Part 1 WK 3 - Set 2, Part 2 Wk 3 - Set 2, Part 3