work2 021.jpg - 12 When you were born your parents opened...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 12. When you were born, your parents opened an investment account in your name and deposited $5000 into the account. The account has earned an average annual rate of return of 8.8 percent. Today, the account is valued at $360,911.22. How old are you? . - r O V7300 q? , 42/ Hit/3%: 2 "5 -' > 4% $01) “30‘ ‘ (MY/D Qnu‘uafly 13. You borrowed $150,000 for graduate school. You have a 5% interest rate on this 20-year loan. Calculate your payments and total interest paid over the life of the loan. 95ml! pwjnmflrfé (2. vi ' "C’ 0/0 ’ r: “« 0’2”?er -,_/ ...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern