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You have an investment account that started with $ 1 , 5 0 0 2 0 years ago and which now has grown to $

You have an investment account that started with $1,50020 years ago and which now has grown to $9,000.
a. What annual rate of return have you earned (you have made no additional contributions to the account)?
b. If the investment account eams 14% per year from now on, what will the accounk's value be 20 years from now?
You have a loan outstanding. It requires making six acnual poyments of $7,000 each at the end of the next six years. Your bank has oflered to allow you to skip making the reat five poyments in leu of of payment?
The final payment the bank will reguire you to make is : (Round to the nearest cent.)
You want to endow a scholarship that will pay $13,000 per year forevec, starting one year from now. If the schools endowment discount rate is 4%, what amount muat you donate to endow the scholarshig?
The amount you must donate so endow the scholarship is ?(Round to the nearest cent) the account immedately after your grandmother makes the deposit on your 18th blendey?
The amount in the accourt upon your 18 ch birthday is: q,(Round to the nearest cent)
You are thinking of purchasing a bouse. The hovele costs $329,000. You have $60,000 in cash that you can use as a down payment on the house, bue you need bo bomow the rest of the purchase price. Then bank is offering a 20-year mortgage that requires annual payments and has an interest rabe of 4% per yea. What will be your annual payment 1 you sign this mortpage?
The annual payment will be: (Round to the nearest cere)
What is the present value of $1,300 paid at the end of each of the next 85 years if the interest rate is 3% per year?
The present value is $ (Round to the nearest cent.)
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