1 what is the future value of 7500 invested for 31 years at, Ask an Expert

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1. What is the future value of $7,500 invested for 31 years at 8.75 percent compounded annually? Show your work.

2. On your ninth birthday, you received $500 which you invested at 6.5 percent interest, compounded annually. Your investment is now worth $1,369. How old are you today? Show your work.

3. Your father invested a lump sum 18 years ago at 6.25 percent interest. Today, he gave you the proceeds of that investment which totaled $65,460.36. How much did your father originally invest? Show your work.

5. Thirty years ago, your mother invested $4,000. Today, that investment is worth $109,099.26. What is the average annual rate of return she earned on this investment? Show your work.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92682911

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