George wants to retire at 65 with $1,000,000 in savings. He plans to deposit a lump sum on his birthday each year. How much will he need to invest each year if he starts saving at 25? 35? 45? Assume an interest rate of 6%

If a person wants to invest $5,000.00 now for the next 10 years plans to withdraw $7,500.00 after 10 years, what is the exact interest rate he should ask for his investment?

At an interest rate of 10%, what is the present value of an asset that produces $1,000 a year in perpetuity?

Part of the income that a machine generates is put into a sinking fund to replace the machine when it wears out. If $2,800 is deposited annually at 4% interest, how many years must the machine be kept before a new machine costing $49,000 can be purchased?

You are thinking of purchasing a house. The house costs $350,000. You have $50,000 in cash that you can use as a down payment on the house, but you need to borrow the rest of the purchase price. The bank is offering a 30-year mortgage that requires annual payments and has an interest rate of 10% per year. What will be your annual payment if you sign this mortgage? The annual payment is S (Round to the nearest dollar.)

Find FV: You have $2,000 in a savings account that earns 1.5% interest per year. What will be the balance in your account:   in one year?   in five years?   in ten years?

Calculate the annual payouts C to be given for 15 years with an interest rate of 8% on an annuity with a present of value of $150,000. Round your answer to the nearest cent. Do not include the dollar sign in your answer.

Frank purchased his house 16 years ago by taking out a 25-year mortgage for $150,000. The mortgage has a fixed interest rate of 5 percent compounded monthly. If he wants to pay off his mortgage today, how much money does he need? He made his most recent mortgage payment earlier today.

"You are interested in buying a piece of real property that could be worth $313,000 in 15 years. Assuming that your money is worth 10.5%, how much will you be willing to pay for the property?"

A lottery claims its grand prize is $20 million, payable over four years at $4,000,000 per year. If the first payment is made immediately, and the next 4 payments at the end of year 1, year 2, year 3 and year 4, what is this grand prize really worth? Use an interest rate of 8%.