1. When you were born, your parents opened an investment account in your name abs deposited $1,500 into a bank account. the account has earned an average annual rate of return of 5.3 percent. today, the account is valued at $42, 856. how old are you?
2. Calculating Annuity Values
Vanzan Bank offers you a $60,000, 10 year term loan at 6.00% annual interest. What will your annual loan payment be?
Annual payment: $____________.