[Danu72315]

If you deposit money today into an account that pays 6.5 percent interest, how long will it take for you to double your money?

John Roberts has $42,180.53 in a brokerage account, and he plans to contribute an additional
$5,000 to the account at the end of every year. The brokerage account has an expected annual
return of 12 percent. If John’s goal is to accumulate $250,000 in the account, how many years will it take for John to reach his goal?


What is the future value of a 5-year ordinary annuity that promises to pay you $300 each year?
The rate of interest is 7 percent.


What is the future value of a 5-year annuity due that promises to pay you $300 each year? Assume
that all payments are reinvested at 7 percent a year, until Year 5.

[Superfly999]

Try and answer these first. We can't help you until you attempt these :).

[Danu72315]

1. It would take approximately a 11 years.

2. there's just no way I can get this I have tried and tried.

3. . $1,725.22

4. $1,845.99

Is this right? I am really at a loss when it comes to financial management. I am trying my best I have been over and over these questions and keep coming up with a different answer each time. Thanxs for the advice. Hopefuly you will help me now. :)