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You have $150,000 to invest today. You found a deal that will pay you $300,000 if you wait 20 years before you withdraw the money?
You have $150,000 to invest today. You found a deal that will pay you $300,000 if you wait 20 years before you withdraw the money? What is the implied rate of interest in you invest and wait 20 years?
3.2%
3.5%
5.1%
6.2%
6.8%
Assume you have $5,000 today in a bank savings account, you plan to add $2,000 one year from now and $3,000 two years from now. How much will you have in the bank at the end of year 2 if you earn 4.5% annual interest?
$10,000
$10,080
$10,320
$10,550
$10,890
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