today $2 million at the time of her ret Sarah were a finance major and learned how to earn a 14 percent annual return, 5-7. (Future value) Sales of a new finance book were 15,000 copies this year and expected to increase by 20 percent per year. What are expected sales during each 5-8. (Future value) Giancarlo Stanton hit 37 home runs in 2014. If his home-run put grew at a rate of 12 percent per year, what would it have been over the follow 5-9. (Solving for r in compound interest) If you were offered $1,079.50 ten years from now in return for an investment of $500 currently, what annual rate of interest you earn if you took the offer? 5-10.(Solving for r in compound interest) You lend a friend $10,000, for which friend will repay you $27,027 at the end of 5 years. What interest rate are your ing your "friend"? 5-11. (Present value comparison) You are offered $1,000 today, $10,000 in 12 yease $25,000 in 25 years. Assuming that you can earn 11 percent on your money, whe offer should you choose? 5-12. (Solving for r in compound interest--financial calculator needed) In So ember 1963, the first issue of the comic book X-MEN was issued. The original pri for that issue was $0.12. By September 2016, 53 years later, the value of the near-ne copy of this comic book had risen to $35,000. What annual rate of interest would y have earned if you had bought the comic in 1963 and sold it in 2016? 5-13. (Compounding using a calculator) Bart Simpson, age 10, wants to be able to be a really cool new car when he turns 16. His really cool car costs $15,000 today, and cost is expected to increase 3 percent annually. Bart wants to make one deposit to (he can sell his mint-condition original Nuclear Boy comic book) into an account ing 7.5 percent annually in order to buy his car in 6 years. How much will Bart cost, and how much does Bart have to save today in order to buy this car at age 5-14. (Compounding using a calculator) Lisa Simpson wants to have $1 millim 45 years by making equal annual end-of-the-year deposits into a tax-deferred actie paying 8.75 percent annually. What must Lisa's annual deposit be? 5-15. (Future value) Bob Terwilliger received $12,345 for his services as financial sultant to the mayor's office of his hometown of Springfield. Bob sultin work was his civic duty and that he should not receive any compers and left the account in his will to the city of Springfield on the condition that a So, he has invested his paycheck into an account paying 3.98 percent annual in says that his
