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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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