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You make a deposit into a bank account today. 12 years later, you see that your money has tripled What average annual interest rate did
You make a deposit into a bank account today. 12 years later, you see that your money has tripled What average annual interest rate did you receive? O 5.5% O 6.9% 77% O 8.1% 9.6% Question 2 1 pts A rich uncle has left you an annuity that will make twenty annual payments. The first payment arrives in five years, and the last (20th) arrives in exactly 24 years. The first payment is $10,000. Each subsequent payment is 3% larger than the previous one. If annual r is 4.0%, what is the present value of this gift? O 102,418 150.201 175,140 O 255,681 290,735
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