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What minimum annual interest rate must she earn

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If you deposit $25,000 today into an account that pays interest at 7%,compounded annually, how much will be in your account at the end of 4 years?

CJ invests $15,000 today in a fund that earns an 8% annual interest rate, with interest compounded semiannually. What will be the balance in the fund at the end of 3 years?

What will a deposit of $4,500 at a 6% annual interest rate, with interest compounded monthly, be worth at the end of 10 years?

Tony needs to have $25,000 four years from today to purchase a new boat. What amount must he invest today to reach this goal if his investment earns a 12%annual interest rate, with interest compounded quarterly?

Candace invests $30,000 today. She needs to have $150,000 in 21 years. What minimum annual interest rate must she earn to reach her goal? (assume that interest is compounded annually)

Beau invests $10,000 today in a fund that earns 5% interest, compounded annually. How many years will it take for the fund to grow to a balance of$17,100?

Reference no: EM131730168

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