A. You want to have $7,500 saved 8 years from now. How much less can you deposit today to reach this goal if you can earn 7 percent rather than 5 percent on your savings?
B. What is the present value of $17,500 discounted at 9 percent for 11 years?
C. Charlie invested $8,000 in a stock last year. Currently, this investment is worth $10,388.38. What is the rate of return on this investment?