Hello Dear Tutors, please help me with this. I prefer explanation with BA II plus calculator 1. Mr Adam has just invested $20,000 for his son (age one). This money will be used for his son's education 15 years from now. He calculates that he will need $60,000 by the time the boy goes to school. What rate of return will Mr. Adam need in order to achieve this goal? 2. Syd has just given an insurance company $60,000. In return, he will receive an annuity of $4,368.12 for 20 years. At what rate of return must the insurance company invest this $60,000 in order to make the annual payments? 3. Mr. X has just retired from the telephone company. His total pension funds have an accumulated value of $1,000,000, and his life expectancy is 20 more years. His pension fund manager assumes he can earn a 12% return on his assets. What will be his yearly annuity for the next 20 years? 4. Dr. X a nutrition professor, invests $100,000 in a piece of land that is expected to increase in value by 12% per year for the next five years. She will then take the proceeds and provide herself with a 10-year annuity. Assuming a 14% interest rate for the annuity, how much will this annuity be? 5. You wish to retire in 40 years, at which time you want to have accumulated enough money to receive a monthly annuity of $12,000 for 25 years after retirement. During the period before retirement you can earn 9% compounded annually, while after retirement you can earn 10% on your money. What annual contributions to the retirement fund will allow you to receive the $12,000 annuity? 6. Cindy will receive $20000 a year for the next 20 years as a result of the new song she has written. If a 10% rate is applied, should she be willing to sell out her future rights now for $180,000? 7. General Mills will receive $30,000 each year for the next 10 years as a payment for a weapon he invented. If a 10% rate is applied, should he be willing to sell out his future rights now for $160,000? 9. Mrs. Smith has been depositing $2,000 at the end of each year in her savings account. If her account earns an APR of 12% compounded monthly, how much will she have after 10 years? 11. You wish to retire in 40 years, at which time you want to have accumulated enough money to receive a monthly annuity of $10,000 for 25 years after retirement. During the period before retirement you can earn 9% compounded annually, while after retirement you can earn 10% on your money. What annual contributions to the retirement fund will allow you to receive the $10,000 annuity