If the present value of an ordinary seven year annuity of S650 per year is $3,761, what is the annual interest rate? (Note to folks without financial calculators- this is the only type of problem we'll have where you are at a significant disadvantage. The only way to work this by hand is a trial and error process. We will only have a few of these the whole semester.) Answer 590 If you would like to have S2,000 in 8 years, how much do you need to deposit today in an account which pays 12% per year, compounded quarterly? Answer $776.67 If you invest $750 every year for 10 years at 8% per year compounded you accumulate at the end of 10 years? Answer $10,947.82 semi-annually how much would