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Q1-You have decided to start saving money for your future. What is the future value...

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Accounting

Q1-You have decided to start saving money for your future. What is the future value of a 14-year annuity of $2,200 per year, assuming that you make your first payment today and the interest rate is 12 percent? (Enter your answer as a positive number rounded to 2 decimal places.)

Q2-You need to have $24,856 available at the end of 9 years. How much to do you have invest each year, starting at the end of this year, for 9 years to achieve this goal if the interest rate is 10%? (Enter your answer as a positive number rounded to 2 decimal places.)

Q3-You need to have $24,856 available at the end of 9 years. How much to do you have invest each year, starting at the end of this year, for 9 years to achieve this goal if the interest rate is 10%? (Enter your answer as a positive number rounded to 2 decimal places.)

Q4-Franklin Templeton has just invested $10,060 for his son (age one). This money will be used for his sons education 18 years from now. He calculates that he will need $105,895 by the time the boy goes to school.

What interest rate does Mr. Templeton need to earn in order to achieve this goal? (Round your final answer to 2 decimal places. For example, enter .1245 as 12.45)

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