You invest $5,000 in your savings account that earns an interest rate of 14%, compounded daily. What will be the balance in your account 11 years later? $24,248.71 $22,150.27 $21,131.16 $21,683.95 $23,316.07 Supersoft had sales of $220,000 this year. The company expects its sales to go up to $374,000 in six years. What is the expected annual sales growth rate for this firm? 9.07% 9.71% 9.25% 9.44% 8.97% Eileen estimates that her investment strategy will pay her 4.00%, compounded quarterly. If she is investing $23,500 today, in how many years will she reach her goal of $66,000 ? 34.5 years 22.1 years 25.9 years 23.9 years 24.4 years What is the present value of $55,000 that will be received 3 years from now, if the discount rate is 10% compounded monthly? $40,388 $73.205 $42,020 $39,980 $40,796 Your plan is to have $20,000 in your account, 13 years from today. You can invest in an account that pays 4.3 percent, compounded weekly. How much do you have to invest today to attain your target in 13 years? $11,438 $11,552 $11,781 $34,572 $11,095 If you make annual deposits of $1,700 for 11 years into a savings account that pays 9% interest, how much will you have in the account at the end of 11 years? $29.553 $29,255 $29,852 $30,748 $11,569 You invest $790.40 in a project today. You expect to receive $70.00 per year from this project, for the next 23 years. What is the annual return rate of the project? 6.77% 7.12% 6.98% 7.199 6.84% You make quarterly deposits of $190.00 in an account that earns a return of 7.00%. How many years will it take to have $235,696.13 in the account? 182 181 44 46 45 You have $450,000 in your account earning 8.25% return. You want to create a perpetual income stream for yourself: you want to be able to withdraw a fixed amount from the account every year, forever. What is the maximum amount you can withdraw from your account every year? $39,125 $36,225 $37,625 $37,125 $5,454,545 A 15 -year project is estimated to generate quarterly cash flows of $2,750, for the next 15 years. If the discount rate is 7%, what is the value of this project? $104,701 $101,651 $99,618 $98,601 $287,857