A. Your parents will retire in 17 years. They currently have $350,000 saved, and they think they will need $1,650,000 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. _____%

B. You have $22,147.90 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account totals $250,000. You expect to earn 14% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number. _____ years

C. What's the future value of a 4%, 5-year ordinary annuity that pays $600 each year? If this was an annuity due, what would its future value be? Do not round intermediate calculations. Round your answers to the nearest cent.

Future Value of an Ordinary Annuity: $ ______

Future Value of an Annuity Due: $ ______

D. An investment will pay $100 at the end of each of the next 3 years, $250 at the end of Year 4, $350 at the end of Year 5, and $550 at the end of Year 6. If other investments of equal risk earn 6% annually, what is its present value? Its future value? Do not round intermediate calculations. Round your answers to the nearest cent.

Present value: $ ______

Future value: $ ______