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How many years will it take for this investment

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Q1) You currently have $112.2 in your savings account at an annual rate of 9 percent. How many years will it take for this investment to grow to a value of $548.9?

Q2) An investment will pay $1,019 two years from now, $2,314 four years from now, and $3,311 five years from now. If the opportunity rate is 12.34 percent per year, what is the present value of this investment?

Q3) Bright Star Bank pays a nominal annual (quoted) interest rate of 11.68 percent, compounded quarterly on your savings account. Calculate the effective annual rate, or EAR (annual percentage yield).

Reference no: EM132908610

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