what is the answer to these questions?

11. Carl would like to save $100,000 by his 40 th birthday to pay for a special midlife crisis vacation. He plans to achieve this by investing equal annual amounts each year beginning on his 24 th birthday and ending and including a payment on his 40 th birthday. If the investment pays an 11 percent interest rate, what is the size of each annual payment Carl needs to invest? 12. An investment of $1,000 annually at the end of each year for the next 15 years will be worth $30,000 at the end of 15 years. What is the interest rate return on this investment? of each year. 14. A $100,000 loan requires equal annual end-of-year payments of $38,803.35 EXCEL for three years. a. What is the annual interest rate? 11. Carl would like to save $100,000 by his 40 th birthday to pay for a special midlife crisis vacation. He plans to achieve this by investing equal annual amounts each year beginning on his 24 th birthday and ending and including a payment on his 40 th birthday. If the investment pays an 11 percent interest rate, what is the size of each annual payment Carl needs to invest? 12. An investment of $1,000 annually at the end of each year for the next 15 years will be worth $30,000 at the end of 15 years. What is the interest rate return on this investment? of each year. 14. A $100,000 loan requires equal annual end-of-year payments of $38,803.35 EXCEL for three years. a. What is the annual interest rate