# At what rate must \$400 be compounded annually for it to grow to \$716.40 in 10 years?

1) At what rate must \$400 be compounded annually for it to grow to \$716.40 in 10 years?

A) 6%

B) 5%

C) 7%

D) 8%

2) You just purchased a parcel of land for \$10,000. If you expect a 12% annual rate of return on your investment, how much will you sell the land for in 10 years?

A) \$25,000

B) \$31,060

C) \$38,720

D) \$34,310

3) If you place \$50 in a savings account with an interest rate of 7% compounded weekly, what will the investment be worth at the end of five years (round to the nearest dollar)?

A) \$72

B) \$70

C) \$71

D) \$57

4) Shorty Jones wants to buy a one-way bus ticket to Mule-Snort, Pennsylvania. The ticket costs \$142, but Mr. Jones has only \$80. If Shorty puts the money in an account that pays 9% interest compounded monthly, how many months must Shorty wait until he has \$142 (round to the nearest month)?

A) 73 months

B) 75 months

C) 77 months

D) 79 months

5) If you want to have \$1,700 in seven years, how much money must you put in a savings account today? Assume that the savings account pays 6% and it is compounded quarterly (round to the nearest \$10).

A) \$1,120

B) \$1,130

C) \$1,110

D) \$1,140

6) If you want to have \$1,200 in 27 months, how much money must you put in a savings account today? Assume that the savings account pays 14% and it is compounded monthly (round to the nearest \$10).

A) \$910

B) \$890

C) \$880

D) \$860

7) You bought a painting 10 years ago as an investment. You originally paid \$85,000 for it. If you sold it for \$484,050, what was your annual return on investment?

A) 47%

B) 4.7%

C) 19%

D) 12.8%

8) You deposit \$5,000 today in an account drawing 12% compounded quarterly. How much will you have in the account at the end of 2 1/2 years?

A) \$7,401

B) \$5,523

C) \$7,128

D) \$6,720

9) How many years will it take for an initial investment of \$200 to grow to \$544 if it is invested today at 8% compounded annually?

A) 8 years

B) 10 years

C) 11 years

D) 13 years

10) If you purchased a share of Mico.com stock on March 1, 1993 for \$45 and you sold the stock at \$168 on February 28, 1998, what was your annual rate of return on the stock?

A) 83%

B) 75%

C) 20%

D) 30%

E) 50%

##### Looking for a Similar Assignment? Order now and Get a Discount! Use Coupon Code “Newclient”

The post At what rate must \$400 be compounded annually for it to grow to \$716.40 in 10 years? appeared first on Savvy Essay Writers.

#write essay #research paper #blog writing #article writing #academic writer #reflective paper #essay pro #types of essays #write my essay #reflective essay #paper writer #essay writing service #essay writer free #essay helper #write my paper #assignment writer #write my essay for me #write an essay for me #uk essay #thesis writer #dissertation writing services #writing a research paper #academic essay #dissertation help #easy essay #do my essay #paper writing service #buy essay #essay writing help #essay service #dissertation writing #online essay writer #write my paper for me #types of essay writing #essay writing website #write my essay for free #reflective report #type my essay #thesis writing services #write paper for me #research paper writing service #essay paper #professional essay writers #write my essay online #essay help online #write my research paper #dissertation writing help #websites that write papers for you for free #write my essay for me cheap #pay someone to write my paper #pay someone to write my research paper #Essaywriting #Academicwriting #Assignmenthelp #Nursingassignment #Nursinghomework #Psychologyassignment #Physicsassignment #Philosophyassignment #Religionassignment #History #Writing #writingtips #Students #universityassignment #onlinewriting #savvyessaywriters #onlineprowriters #assignmentcollection #excelsiorwriters #writinghub #study #exclusivewritings #myassignmentgeek #expertwriters #art #transcription #grammer #college #highschool #StudentsHelpingStudents #studentshirt #StudentShoe #StudentShoes #studentshoponline #studentshopping #studentshouse #StudentShoutout #studentshowcase2017 #StudentsHub #studentsieuczy #StudentsIn #studentsinberlin #studentsinbusiness #StudentsInDubai #studentsininternational