# Present and Future Value?

1- Robert Hitchcock is 40 yrs old today and he wishes to accumulate $500,000 by his 65th B'Day. He wishes to accumulate this amount by making equal deposits on this 40th thorough 64th B'Day. What annual deposits must Robert make if the fund will earn 12% interest compounded annually?
2- Cindy Houston has...
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1- Robert Hitchcock is 40 yrs old today and he wishes to accumulate $500,000 by his 65th B'Day. He wishes to accumulate this amount by making equal deposits on this 40th thorough 64th B'Day. What annual deposits must Robert make if the fund will earn 12% interest compounded annually?

2- Cindy Houston has $27600 debt that she wants tp repay 4 yrs from today. she has $19553 that she intends to invest for the 4 yrs,. what rate of interest will she need to earn annually in order to pay off the debt?

2- Cindy Houston has $27600 debt that she wants tp repay 4 yrs from today. she has $19553 that she intends to invest for the 4 yrs,. what rate of interest will she need to earn annually in order to pay off the debt?

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