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What does the investment have to be earning

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Question 1: You are going to invest $100 into an investment each month for the next 20 years. At the end, you want ot have a balance of $300,000. To achieve this goal, what does the investment have to be earning ( ie the rate)?

Question 2: Calculate the future value of $5,372 invested for 7 years at a rate of 9.21% p.a., the interest is compounded quarterly.

Question 3: If $2000 is deposited at 6.66% p.a. for one year, what is the effective annual interest rate if interest is compounded semi-annually?

Question 4: If 359 is invested for 17 years at 2.78 per cent per annum, the simple interest earned will be?

Reference no: EM132538716

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