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14. A. You have $100,000 to deposit for 5 years. What interest rate must you...

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14. A. You have $100,000 to deposit for 5 years. What interest rate must you carn if you aim to have $300,000 at the end of 5 years and the interest is compounded annually? B. Max is planning to retire in 18 years. He would like to have $500,000 in his retirement account when he retires. How much should he save each month to reach his target? Assume interest rates as 12% compounded monthly. C. First Bank offers a rate of 7.6 percent compounded monthly. Second Bank offers 7.8 percent compounded quarterly. Find out the effective annual rate (EAR) for the two banks. You would like to invest funds. Which bank will you choose and why? D. Jane would like to withdraw $30,000 each year for 20 years. She can earn an interest of 10% on her savings. How much should Jane have in her account today

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