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Solved Question: At what annual interest rate must $345,000 be invested

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  1. At what annual interest rate must $345,000 be invested so that it will grow to be $1,520,000 in 25 years?
  2. How many years will it take for $56,000 to grow to be $500,000 if it is invested in an account with an annual interest rate of 11%?
  3. What will $15,000 grow to be in 35 years if it is invested today in an account with an annual interest rate of 12%
  4. If you wish to accumulate $1,250,000 in 28 years, how much must you deposit today in an account that pays an annual interest rate of 4%?
  5. At what annual interest rate must $92,000 be invested so that it will grow to be $742,000 in 18 years?
  6. How many years will it take for $89,000 to grow to be $523,000 if it is invested in an account with an annual interest rate of 15%?

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