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1 what is the implied annual rate if you deposit 750 and

QUESTION:

1. What is the implied annual rate if you deposit $750 and receive $2,000 in 8 years, assuming interest is compounded quarterly?

2. You just won a lottery that will pay you $2,500 a year for twenty years. You will receive your first payment today. If you can earn 8 percent on your money, what are your winnings worth to you today?

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Finance Basics: 1 what is the implied annual rate if you deposit 750 and

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Finance Basics: 1 what is the implied annual rate if you deposit 750 and

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