What rate of return would qiang earn on this opportunity

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Reference no: EM132042891

1. Adam places the annuity amount of $55 in an account at the end of each year for 15 consecutive years beginning one year from today. If the interest rate is 4%, how much will Adam have at the end?

Place your answer in dollars and cents. Do not include a dollar sign or comma in your answer. Work your analysis to at least four decimal places of accuracy

2. Qiang places the amount of $46 in a special bank account that guarantees to provide $170 in 12 years. What rate of return would Qiang earn on this opportunity?

r=?

Your answer should be in PERCENTAGE form with 2 decimal places. That is, enter your response as say 3.75 and NOT as .0375. Also, do not use a percent sign in your answer. You should work your analysis using at least four decimal places of accuracy.

Reference no: EM132042891

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