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Can I get help with questions 5 to 9 ? 1.You invest $150 today at 6%. How much will you have in 7 years? 2.

Can I get help with questions 5 to 9 ? image text in transcribed
1.You invest $150 today at 6%. How much will you have in 7 years? 2. You invest $150 today at 18%. How much will you have in 13 years? 3. You expect a $10,000 gift from your Dad when you graduate i n 8 years. If theinflation rate ls 3%, what's this gift worth today? You will inherit $50,000 when your uncle passes away in 50 years if the inflation rate would stay at 9% what is this money worth today? 4 5. You put $2000 at age 20 into an IRA for future retirement. Your IRA invests in a portfolio of common 6. If you need $1,000,000 to retire at age 65, and your bank will give you 5% on a LT CD, How much do you stock on NASDAQ. How much will you have at age 60? need to take out on the CD to realize your dream, if you are now 41 years old? You put $450 into a savings acct with your bank. The bank tells you that you will have $714.11 In 6 years. What rate of interest is the bank giving you over that term? 7. 8. Your uncle tells you that he will give you $7,500 if you get married in 4 years, so he deposits $6,928.50 in a bank to get the funds he needs to give you (just in case). What rate of return is your uncle assuming he will make on his money? You plan to deposit $600 per month in a bank for the next 30 years to accumulate $260,000 to buy a house at that time. What approximate rate of return do you need to accomplish this? 9

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