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QUESTION 5 You would like to have $ 4 1 6 0 3 in 9 years. If the rate is 7 . 2 6 %

QUESTION 5
You would like to have $41603 in 9 years. If the rate is 7.26%, how much do you have to invest each year?
QUESTION 6
You would like to have $31848 in 10 years. If the rate is 8.02%, how much do you have to invest each month?
QUESTION 7
Your grandfather has an annuity that is worth $96618 today. It will give him monthly payments for 24 years. If the rate is 4.71%, what will be his monthly payment?
QUESTION 8
Your mother has an annuity that will give her monthly payments for 15 years. She tell you it is worth $121250 today. If her required return is 9.21%, what is the monthly payment?
QUESTION 9
You plan to start investing and will invest $31.64 per month. You will make your first deposit today. If the rate is 8.4%, how much will you have in 18 years?
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