What interest rate are you being charged

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Reference no: EM131989608

You have $8,642.48 in a brokerage account, and you plan to deposit an additional $6,000 at the end of every future year until your account totals $240,000. You expect to earn 14% annually on the account. How many years will it take to reach your goal? Round your answer to two decimal places at the end of the calculations.

You borrow $70,000; the annual loan payments are $6,813.54 for 30 years. What interest rate are you being charged? Round your answer to two decimal places.

Reference no: EM131989608

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