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Your Grandfather upon your birth invested $ 5 0 0 0 into an account for you. The account has earned an annual rate of 1

Your Grandfather upon your birth invested $5000 into an account for you. The account has earned an annual rate of 16% a year. On your 21st birthday you could withdraw the accumulated amount. How much can you withdraw?
Now suppose, there is $50804 in the account. What rate of return did we receive?
I want to have $60000 on my 21st birthday. If I could have earned 13.2% a year, how much would my grandfather have had to invest in the account for me to reach $60000?

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