If Patricia Johnson invests $6,109.98 now and she will receive $19,300 at the end of 17 years, what annual rate of interest will Patricia earn on her investment? (Hint: Use Table 3.) (Round answer to 0 decimal places, e.g. 25%.) Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.)

Annual rate of interest

Gary King invests $9,527.27 now for a series of $1,400 annual returns beginning one year from now. Gary will earn a return of 9% on the initial investment. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How many annual payments of $1,400 will Gary receive? (Hint: Use Table 4.) (Round answer to 0 decimal places, e.g. 25.)

Daniel and Nancy Garfield invested $6,700 in a savings account paying 4% annual interest when their daughter, Angela, was born. They also deposited $1,500 on each of her birthdays until she was 14 (including her 14th birthday). Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much was in the savings account on her 14th birthday (after the last deposit)? (Round answer to 2 decimal places, e.g. 25.25.)

Amount on 14th birthday		$enter a dollar amount rounded to 2 decimal places