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How much will savings be worth twenty-five years from now

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Reference no: EM132958122

Problem 1: Cast Out Co. invested $16,200 in a project. At the end of two years, the company sold the project for $23,800. What annual rate of return did the firm earn on this project?

A. 46.91%

B. 38.20%

C. 21.21%

D. 18.67%

E. 31.93%

Problem 2: Angela expects to save $4,000 a year and earn an average annual return of 7.5 percent. How much will her savings be worth 25 years from now?

A. $259,317.82

B. $260,702.57

C. $271,911.45

D. $274,868.92

E. $286,063.66

Reference no: EM132958122

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