You expect to receive $500 in five years from an investment.

What is this investment worth today if the effective annual interest rate is 12%?

What is it worth at a 12% APR compounded monthly?

You have $1,000 to invest today. You plan to invest for 3 years. Which will give you more money: 15% APR compounded daily or 16% compounded annually?

June wants to have $2 million to retire. She has $100,000 saved toward retirement today and does not plan to add to or withdraw from these savings until she hits her target.

If she is receiving 10% compounded monthly on her savings, how many years until she can retire?

If she wants to retire in 30 years, what is the minimum effective annual rate she will need for her investment?

Victor put $5,000 into a bank account 7 years ago.

How much should he have in the account today if the account advertises a 5% APR compounded monthly?

If the rate on the account is changing today to 3% APR (compounded monthly), how much will he have 8 years from now?