Ken Francis is offered the possibility of investing $6,438 today and in return to receive $14,500 after 12 years. What is the annual rate of interest for this investment? Flaherty is considering an investment that, if paid for immediately, is expected to return $158,000 five years from now. If Flaherty demands a 15% return, how much is she willing to pay for this investment? Cll, Inc., invests $700,000 in a project expected to earn a 9% annual rate of return. The earnings will be reinvested in the project each year until the entire investment is liquidated 11 years later. What will the cash proceeds be when the project is liquidated? Beene Distributing is considering a project that will return $240,000 annually at the end of each year for the next six years. If Beene demands an annual return of 12% and pays for the project immediately, how much is It willing to pay for the project? Fitch is planning to begin an individual retirement program in which she will invest $3,000 at the end of each year. Fitch plans to retire after making 30 annual investments in the program earning a return of 10%. What is the value of the program on the date of the last payment (30 years from the present)? Megan Brink is offered the possibility of investing $14,214 today at 5% interest per year in a desire to accumulate $20,000 How many years must Brink wait to accumulate $20,000? Joe is considering an investment that, if paid for immediately, is expected to return $142,000 seven years from now. If Joe demands a 8% return, how much is he willing to pay for this investment? Clare is planning to begin an individual retirement program in which she will invest $1,700 at the end of each year Fitch plans to retire after making 30 annual investments in the program earning a return of 9%. What is the value of the program on the date of the last payment (30 years from the present)