What is the future value of $300 compounded for 7 years at 8%? 2. Future value If you deposit $17,000 in a bank account that pays 12 percent interest annually, how much would be in your account after 3 years? 3. Present value What is the present value of a security that will pay $25,000 in 15 years if securities of equal risk pay 5 percent annually? 4. Finding the required interest rate Your parents will retire in 18 years. They currently have $250,000, and they think they will need $1,000,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they dont save any additional funds 5. How long does it take to double