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-George has a valuable painting that he believes will be worth $70,000, 16 years from now. He was just offered $15,000 if he sells the painting today. What **rate** would George need for his painting to grow its worth to $70,000 by the end of the 16 years?

Group of answer choices

9.38%

-9.18%

10.65%

10.11%

-Jared has $4,500 in a retirement account. He has calculated that when he retires in 27 years, the account should have $80,000. If this account compounds interest every **month**, what **rate** does Jared have to earn in this account?

Group of answer choices

No solution / error

-10.61%

10.15%

10.71%

-Daniel wants to have $750,000, 25 years from now. He has invested $40,000 that he got from an inheritance. What rate of return does his investment need to earn in order for him to have the $750,000, 25 years in the future?

Group of answer choices

No solution / error

-11.06%

12.44%

12.25%

-A PV of $7,000 is expected to grow to equal a FV of $100,000, 22 years from now. With **monthly** compounding, what annual rate of return is required to make this happen?

Group of answer choices

12.15%

12.85%

-11.39%

12.03%

-Larry wants to have $1,500,000, 40 years from now. He has invested $60,000 that he got from an inheritance. What rate of return does his investment need to earn in order for him to have the $1,500,000, 40 years in the future?

Group of answer choices

-7.73%

No solution / error

8.38%

9.21%

-Fred has $17,000 in a special savings account. He wants it to grow to $60,000, 11 years from now. What **rate** would Fred need for his investment to grow to $60,000 by the end of the 11 years?

Group of answer choices

12.15%

11.84%

13.21%

-10.83%

Solved by verified expert

Answered by badalkumar371996 on coursehero.com

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