I need help with #18 & shown how its done please!

276 Part 2 Discounted ent Value of an Amount: Concept Conne 4. How mach is a guaranteed promise of received in 12 years worth today if itet Present $15,750 to be 14%? Finding kor n: Concept Connection Examples 6-3 and 6.4 6. At what interest rate will S1,000 grow into $3,642.50 in 15 years? 7. How long will it take $5,000 invested at 14% to double S. At what interest rate will $750 grow into $3,132.83 in 15 years? 9. Ifyou invest$8,000at 12%, how long will it take to triple? How much would you have to put in the bank today to have $42,800 in 9 yea 5. 7%? Future and Present Values of an Annuity: Conce (page 243) ia How much will$650 per year deposited at 12% be worth in 8 years? 11. How much woald you have to save each year to have $65,000 in 10 years if the interest ati Future and Present Vaes of an Auity Concept Connection Examal expected to be 7%) 12. What interest rate will make $7,500 per year accumulate to $279,600 in 15 years? 13. How many years will t take for $850 per year to accumulate to $20,000 if the interest ate 14. What would you pay for an annuity of $3,000 per year for 12 years if the interest rate is 105 15, what are the annual payments on a loan of $350,000 to be repaid over 10 years at 8%? Amount Problems Future Value of an Amount: Concept Connection Example 6-1 (page 23 16. What will a deposit of $4,500 left in the bank be worth under the following conditions a. Left for nine years at 7% interest b, Left for six years at 10% compounded semiannually C. Left for five years at 8% compounded quarterly Left for 10 years at 12% compounded monthly Present Value of an Amount: Concept Connection Example 6-2 (pa$ 17. The Lexington Property Development Company has a $10,000 note receivable from ac due in three years. How much is the note worth today if the interest rate is a, 9%) b, 12% compounded monthly? c. 8% compounded quarterly? 18% compounded monthly? Finding the Interest Rate: Concept Connection Example 6 18. What interest rates are implied by the following lending arrangements a. You borrow $500 and repay $555 in one year. b. You lend $1,850 and are repaid $2,078.66 in two years You iend $750 and are repaid S1,11446 in five years with quarterly comb compon d. Yow borrow $12,500 and repay $21,364 24 in three years under mont 6-3 (page 237) In parts c and d, be sure to give your answer as the annual nominal