1. Serena Willis will invest $31,800 today. She needs $159,000 in 19 years. What annual interest rate must she earn? 2.

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answerhappygod
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1. Serena Willis will invest $31,800 today. She needs $159,000 in 19 years. What annual interest rate must she earn? 2.

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1. Serena Willis will invest $31,800 today. She needs
$159,000 in 19 years.

What annual interest rate must she earn?
2. Chris Madison needs
$353,100 in 10 years.

How much must he invest at the end of each year, at 9%
interest, to meet his needs?
3. Stacy Monroe wants to create a fund today that will
enable her to withdraw $31,300 per year for 6 years,
with the first withdrawal to take place 5 years from
today.

If the fund earns 11% interest, how much
must Stacy invest today?
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