Q 1.How many years will the following take? $964 to grow to $15,516 if invested at 16.95 percent, compounded annually. Round the answer to two decimal places. 2.Upon graduating from college, you make an annual salary of $70,580. You set a goal to double it in the future. If your salary increases at an average annual rate of 4.20 percent, how long will it take to reach your goal? Round the answer to two decimal places. 3.Cooling Tools, Inc. is currently producing 1,275 of small refrigerators per month but the company’s CEO plans to increase production at a rate of 11.82 percent per month until the firm is producing 5,343 of refrigerators per month. How many months will this take? Round the answer to two decimal places. 4.At what annual rate would the following have to be invested? $1,978, to grow to $22,198, in 19 years. Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box) 5.A firm's dividends have grown over the last several years. 5 years ago the firm paid a dividend of $2. Yesterday it paid a dividend of $4. What was the average annual growth rate of dividends for this firm? Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)

View Related Questions