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Due 15 Your Grandfather upon your birth invested 51000 into an account for you. The account has earned an annual rate of 8% a year.

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Due 15 Your Grandfather upon your birth invested 51000 into an account for you. The account has earned an annual rate of 8% a year. On your 18h birthday you could withdraw the accumulated amount. How much can you withdraw (EV)? Now suppose, there is $7095 in the account. What rate of return did we receive (I)? I want to have $30000 on my 21 birthday. If I could have earned 14% a year, how much would my grandfather have had to invest in the account for me to reach $30000 (PV)? I want to take my family on vacation to Disneyland in three years. I believe I will need $25000 for the three weeks I plan to spend in Florida. I can eam 9% APR in my savings account at the bank. How much will I need to deposit each month to reach my goal (PMT) ? If I deposit $900 each month, how much will I have for my vacation (FV)? If I made the first deposit today, how much will I have for my vacation (FV)? I just won the lottery. I won $40000000 to be paid out over the next 20 years in equal payments. If the appropriate discount rate is 8%, how much in present value did I win? How much did 1 win if the first payment is received today (PV)

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