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  3. 1. ann invested $14200.00of her funds into an acco

1. Ann invested $14200.00of her funds into an account 13 years ago. During that time,...

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Finance

1. Ann invested $14200.00of her funds into an account 13 years ago. During that time, her investment increased 4.00 times. What annual rate of return did Ann earn on this investment?
r=?
INSTRUCTIONS: Place your answer in PERCENTAGE form with at least 2 decimal places.
2.Luke deposited $4500 into a savings account that earns 5.00% annually but is compounded 12 times per year. He plans to leave the funds in the accounts for 4.00 years.
However, at the end of2.00 years, Luke has to withdraw $800. What amount will bein the account at the end of the original 4.00 years
Include two decimals in your answer.
3. The University is given a gift of $475000 for the construction of a School of Management building. The University invests the gift into an account for future use.
The University receives 9.00%on the money for 3 years then the rate drops to6.30%.If the building is constructed 23 years after the gift was received, how much isin the fund at that time.
4. What principal is needed to accumulate $6200.00in8 years at7.40% interest compounded semiannually?
5. What is the future value of $1900.00 invested for 5 years at7.25% compounded continuously?

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