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# Numerous Present and Future Value Problems

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3.19 How much money was deposited each year for 5 years if the account is now worth
\$100,000 and the last deposit was made 10 years ago? Assume the account earned interest
at 7% per year.

4.11 What nominal interest rate per year is equivalent to an effective 16% per year compounded semiannually?

4.17 Deposits of \$100 per week are made into a savings account that pays interest of 6% per year,
compounded quarterly. Identify the payment and compounding periods.

4.21 A company that specializes in online security software development wants to have \$85 million
available in 3 years to pay stock dividends. How much money must the company set aside now
in an account that earns interest at a rate of 8% per year, compounded quarterly? \$67.02 mil

4.44 What effective interest rate per year, compounded continuously, is equivalent to a nominal rate of 13% per year?
3.19 How much money was deposited each year for 5 years if the account is now worth