You purchased a US EE savings bond for $500. You expect to be able to cash in the bond in 20 years and receive $1326 for your bond. What annual rate of interest will you be receiving for your investment?

Calculate the PV of receiving $100, 20 yrs from today, assuming a 3% inflation rate.

OOOPS, you ran up a $2000 balance on your credit card. Your annualinterest rate on the card is 24%. You would like to apply $100 a monthto the outstanding balance. Approximately how many months will it take you to pay off your card?

You would like to save $5000 EVERY YEAR for retirement. You decide to invest in a portfolio that returns 6.5% per year. What is your portfolio worth after 25 years?

You currently have an investment of $15,000 that you are reasonably assured will return 10% every year. You also want to withdraw $1,000 from your account every year. How much will you have at the end of 15 years?