1. If you deposit $800 into a bank account today, what annually compounded interest rate would you need to earn in order to have $2,600 in 12 years? Enter your answer as a percentage rounded2 decimal places.
2. Suppose you plan to save $8,000 at the end of each coming year for the next 35 years from now for retirement. The interest rate is 7%. How much will you have 35 years from now? Enter your response below(rounded to 2 decimal places)
3. Suppose you save $8,000 at the end of every quarter for your retirement. If you can earn 6% per year (APR) on your investments, how much will you have saved by the time you retire in 15 years? Enter your response below(rounded to 2 decimal places)
4. Given a risk-free rate of 1.3%, a market risk premium of 7.7%, and a beta of 1.2, what is the expected return of the stock? Enter your answer as a percentage and rounded to 2 DECIMAL PLACES.
5. If the effective annual rate of interest isknown to be 11% on a debt that has monthly payments, what is the annual percentage rate? Enter your answer as a percentage rounded to 2 DECIMAL PLACES.