Ann deposited $1000 in a bank account, and 10 years later she closes out the acc

Question

Ann deposited $1000 in a bank account, and 10 years later she closes out the account, Which is worth $2000. What annual rate of interest has she earned over the 10 years? A. 10.0% B. 7.18% C. 9.10% D. 6.45% A zero bond pays no annual coupon interest payments. When it matures at the end of 8 years it pays out $1,000. If investors wish to earn 7.5% per year on this bond investment, what is the current price of the bond? A. $561 B. $875 C. $533 D. $840 You deposit $5,000 per year at the end of each of the next 25 years into an account that pays 8% compounded annually. How much could you withdraw at the end of each of the 20 years following your last deposit if all withdrawals are the same dollar amount? (The twenty-fifth and last deposit is made at the beginning of the 20-year period. The first withdrawal is made at the end of the first year in the 20-year period) A. $27,832 B. $37,230 C. $18,276 D. $43,289 If you could please assist me with answering these as soon as possible. I would greatly appreciate it. I have been struggling on these 3 for days now. Thank you.

Explanation / Answer

2000=1000(1+r)^10

r=7.18%

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