-George has a valuable painting that he believes will be worth...

Question

# -George has a valuable painting that he believes will be worth...

-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?

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?

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?

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?

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?

-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?

12.15%

11.84%

13.21%

-10.83%

Solved by verified expert

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