What return is this investment offering

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Reference no: EM131817937

1. Robert Golland, a student in the University of Kentucky deposits $1,000 every year (starting one year from today) in his bank account and earns 16% on his deposit balance, how much money will he have at the end of four years, assuming that he will make four $1,000 payments?

$8,207

$5,877

$8,000

$4,000

$5,067

2. Education Plus financial services is offering education savings plan. The plan calls for you to make eight annual payments of $5,000 each, with the first payment occurring today, your child's 10th birthday. Beginning on your child's 18th birthday, the plan will provide $18,000 per year for four years. What return is this investment offering?

12.11%

18.12%

16.69%

9.96%

14.38%

Reference no: EM131817937

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