if your great great great grandfather had invested $5 at 8% annually compunded interest 200 years ago, and his account had been passed down from generation without any additional deposits or withdrawls how much would the account be worth today?

Consider an inheritance that pays the beneficiary an annuity of $500 that begins immediately (an annuity due) and then annually in year 1 through year 17 (for a total of 18 years) with one exception - the payment in year 12, and only 12, is not $500 but $0. Using an interest rate of 3%, determine the present value of this cash flow stream.

Assuming you made all the weekly payments for 12 years and left the money in the account without making any additional payments or withdrawals, how much did you pay into your retirement account over the 47 years? Assuming you made all the weekly payments for 12 years and left the money in the account without making any additional payments or withdrawals, how much interest did you earn over the 47 years?

According to an old myth, Native Americans sold theisland of Manhattan about 400 years ago for $24. Ifthey had invested this amount at an interest rateof 7 percent per year, how much, approximately,would they have today?