1. Suppose you invest$106,870.00today in an account that earns3.84%interest annually.How much money will be in your account8.0years from today?
2. What is the value today of single payment of$54,082.00 ,19.0years from today if the value is discounted at a rate of15.80% ?
3. How many years would it take an investment of$491.00to grow to$39,760.00at an annual rate of return of16.91% ?
4. How much money would you need to deposit today at4.27%annual interest compounded monthly to have$25,385.00in the account after5.0years?
5. If you deposit$61.00into an account paying14.05%annual interest compounded quarterly, how many years until there is$24,931.00in the account?
6. If you deposit$55,337.00at18.47%annual interest compounded quarterly, how much money will be in the account after3.0years?
7. If you deposit$1,662.00into an account paying7.07%annual interest compounded monthly, how many years until there is$22,886.00in the account?
8. What is the value today of receiving a single payment of$69,406.00in9.0years if your required rate of return on this investment is14.93%compounded semi-annually?
9. If you deposit$126.00at23.29%annual interest compounded daily, how much money will be in the account after7.0years?(Assume that there are 364 days in a year and show your answer to the nearest cent)
10. Suppose you deposit$424.00today,$161.00in one year, and$915.00in two years in an account that pays an annual rate of interest of13.15% .How much money will be in the account after three years?