Question $1(1$ point$)$

An investment promises $$10,000$ in $7$ years. If similar investments yield $8\%,$ what is

its value?

ROUND YOUR ANSWER TO THE NEAREST DOLLAR

Question $2(1$ point$)$

How long will it take for your initial investment of $$1,750$ to reach $$6,500$ if the

money is invested in an account that pays an interest rate of $12\%$ every year?

Your Answer:

Question $3(1$ point$)$

What interest rate will give you a future value of $$10,250$ over the course of $12$

years if the initial deposit was $$5,000?$

WRITE YOUR ANSWER IN DECIMAL FORM:

i$.$e$.12\mathrm{.}3\%->0\mathrm{.}123$

Question $4(1$ point$)$

What is the most you are willing to pay for an investment that promises $$2,100$ in $7.$

years if similar investments yield $10\%?$

ROUND YOUR ANSWER TO THE NEAREST DOLLAR

Question $5(1$ point$)$

An investment is now worth $26,550.$ You bought this investment $21$ years ago for

$$1,400.$ What return did you earn in this investment?

WRITE YOUR ANSWER IN DECIMAL FORM:

i$.$e$.12\mathrm{.}3\%->0\mathrm{.}123$