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Unformatted text preview: How much did they invest initially (no funds have been added to or subtracted from this investment)? What rate of return (APR) is Red earning if he invests $166,400.00 for 18 years and gets $364,000.00 (monthly compounding)? $686,000.00. She purchased it 6 years ago for $549,000.00. What rate of return (APR) did she earn on her investment (annual compounding)? How many years must a pale rider wait if it has $742.00 and needs $949.60, if it gets 7.76% (annual compounding)? Your grandparents are willing to lend you $2,232.00 at 4.37% for 5 years with simple interest. How much money must you pay them back?...
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This note was uploaded on 11/04/2011 for the course FIN 101 taught by Professor Staff during the Fall '11 term at Texas State.
- Fall '11