Start saving money for your future

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1. You have decided to start saving money for your future. What is the future value of a 14-year annuity of $2,900 per year, assuming that you make your first payment today and the interest rate is 11 percent? (Enter your answer as a positive number rounded to 2 decimal places.)

2. Carlson Tech's stock has a beta of 1.15 and a 10.5% required rate of return. The return on the market portfolio is 10%. Find the risk-free rate. Round intermediate steps and your final answer to four decimals and enter it in decimal format (EX: .XXXX).

Reference no: EM131982800

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