Question 10.25 pts

A PV of $16,000 is expected to grow to equal a FV of $70,000, 18 years from now. With quarterly compounding, what annual rate of return is required to make this happen?

Group of answer choices

-7.87%

8.28%

8.55%

-8.12%

Flag question: Question 2Question 20.25 pts

A PV of $18,500 is expected to grow to equal a FV of $140,000, 20 years from now. With quarterly compounding, what annual rate of return is required to make this happen?

Group of answer choices

10.25%

10.65%

-9.99%

-9.62%

Flag question: Question 3Question 30.25 pts

A PV of $600 is expected to grow to equal a FV of $1,500, 12 years from now. What rate of return is required to make this happen?

Group of answer choices

-7.35%

No solution / error

7.35%

7.93%

Flag question: Question 4Question 40.25 pts

Larry wants to have $1,500,000, 40 years from now. He has invested $60,000 that he got from an inheritance. What rate of return does his investment need to earn in order for him to have the $1,500,000, 40 years in the future?

Group of answer choices

8.38%

9.21%

-7.73%

No solution / error

Flag question: Question 5Question 50.25 pts

A PV of $950 is expected to grow to equal a FV of $3,000, 15 years from now. What rate of return is required to make this happen?

Group of answer choices

-7.38%

8.18%

7.35%

7.97%

Flag question: Question 6Question 60.25 pts

A PV of $32,000 is expected to grow to equal a FV of $1,000,000, 36 years from now. With monthly compounding, what annual rate of return is required to make this happen?

Group of answer choices

-9.12%

-9.52%

10.03%

9.60%

Flag question: Question 7Question 70.25 pts

George has a valuable painting that he believes will be worth $70,000, 16 years from now. He was just offered $15,000 if he sells the painting today. What rate would George need for his painting to grow its worth to $70,000 by the end of the 16 years?

Group of answer choices

9.38%

10.65%

10.11%

-9.18%

Flag question: Question 8Question 80.25 pts

Sandy has $4,250 in a retirement account. She has calculated that when she retires in 28 years, the account should have $60,000. If this account compounds interest every month, what rate does Sandy have to earn in this account?

Group of answer choices

9.02%

9.49%

-9.42%

9.92%

Flag question: Question 9Question 90.25 pts

Daniel wants to have $750,000, 25 years from now. He has invested $40,000 that he got from an inheritance. What rate of return does his investment need to earn in order for him to have the $750,000, 25 years in the future?

Group of answer choices

No solution / error

12.25%

12.44%

-11.06%

Flag question: Question 10Question 100.25 pts

A PV of $15,000 is expected to grow to equal a FV of $250,000, 25 years from now. With monthly compounding, what annual rate of return is required to make this happen?

Group of answer choices

11.91%

-11.20%

-10.64%

11.31%