Question 61 ptsSkip to question text.

Elaine has just received an insurance settlement of $24516. She wants to save this money until her daughter goes to college. If she can earn an average of 6.9 percent, compounded annually, how much will she have saved when her daughter enters college 10 years from now? Round your answer to the nearest cent.

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Question 71 pts

Six years from now, you will be inheriting $10315. What is this inheritance worth to you today if you can earn 8.6 percent interest, compounded annually? Round your answer to the nearest cent.

Six years from now, you will be inheriting $10315. What is this inheritance worth to you today if you can earn 8.6 percent interest, compounded annually? Round your answer to the nearest cent.

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Question 81 ptsSkip to question text.

You have just made a $1768 contribution to your individual retirement account. Assuming you earn a 7.3 percent rate of return and make no additional contributions, what will your account be worth when you retire in 40 years? Round your answer to the nearest cent.

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Question 91 pts

Say you want to have $50,000 for a down payment on a house 6 years from now. If you can earn 2.7 percent on your investment, how much would you have to invest now to meet your goal? Round your answer to the nearest cent.

Say you want to have $50,000 for a down payment on a house 6 years from now. If you can earn 2.7 percent on your investment, how much would you have to invest now to meet your goal? Round your answer to the nearest cent.

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Question 101 ptsSkip to question text.

An investment opportunity offers to pay out $107 two years for now. In order to receive this payout, you must invest $80 today. What annual rate of return is this investment offering? Put your answer in decimal form and round to four decimal places (i.e., 1.5% = 0.0150).