You have decided that you want to be a millionaire when you retire in a. If you can earn an annual return of 11.26 percent, how much do you have to invest today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What if you can ear an annual return of 5.63 percent? (Do not round intermediate calculations round your answer to 2 decimal places, e.g., 32.16.) E a. Amount to invest b.
Amount to invest Solve for the unknown interest rate in each of the following: (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g. 32.16.) Years Interest Rate % Present Value 745 935 18,000 73,300 Future Value $ 1,441 1,778 144,832 318,815 Solve for the unknown number of years in each of the following: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Years Interest Rate Present Value 500 2,191 33,305 33,000 Future Value 1,355 3,950 389,620 205,772 CON
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