In your own words

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In your own words, please submit your responses in one document (MS Word, PDF) and upload it as an attachment to Blackboard. DO NOT type your responses in the white box AND DO NOT submit the homework questions in your responses. Any resemblance of plagiarism will result in a zero. Your submission will be submitted to SafeAssign. You have one submission attempt only. Please make sure you read the instructions and follow them.

Please show your work. If you don’t show your work, you will not get credit. You can put the number next to the function in your submission. For example, FV = 150,000, PV = 250,000, i = 10%, and n = 5. Questions, let me know. If you do not show your work, no credit.

1. If you wish to accumulate $932,000 in 28 years, how much must you deposit today in an account that pays an annual interest rate of 9%?

2. What will $114,000 grow to be in 35 years if it is invested today in an account with an annual interest rate of 11%?

3. How many years will it take for $72,000 to grow to be $531,000 if it is invested in an account with an annual interest rate of 4%?

4. At what annual interest rate must $289,000 be invested so that it will grow to be $773,000 in 15 years?

5. At what annual interest rate must $123,000 be invested so that it will grow to be $677,000 in 23 years?

6. How many years will it take for $119,000 to grow to be $570,000 if it is invested in an account with an annual interest rate of 14%?

7. What will $39,000 grow to be in 20 years if it is invested today in an account with an annual interest rate of 13%