eipSave &ExitSubmit MC Qu. 18 Solving fo r Rates What annual rate of return is earned on a $amt... Solving for Rates What annual rate of return is earned on a $5.600 investment made in year 2 when it grows to $12,800 by the end of year 12? Multiple Choice 713% 4375% 51.19% 8.62% Problem 5-30 Future and Present Value of an Annuity Due (LG5-6) If you start making $215 monthly contributions today and continue them for four years, what is their future value if the compounding rate is 11.75 percent APR? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value annuity What is the present value of this annuity? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value annuity Check my work roblem 5-52 Investing for Retirement (LG5-4, LG5-9) oss has decided that he wants to build enough retirement wealth that, if invested at 7 percent per year, ill provide him with $4,800 of monthly income for 30 years. To date, he has saved nothing, but he still as 20 years until he retires. How much money does he need to contribute per month to reach his goal? First compute how much money he will need at retirement, then compute the monthly contribution to reach that goal. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Contribution per monthm roblem 5-43 Future Value (LG5-1) an interest rate of 9 percent, compute the year 8 future value if deposits of $2,300 and $3,300 are made in years 1 and 3, respectively, and a withdrawal of $1,025 is made in year 4. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value