Five years ago, Weed Go Inc. earned $1.25 per share. Its earnings this year were $2.00. What was the annual growth rate in earnings per share (EPS) over the 5-year period?
You have a chance to buy an annuity that pays $2,500 at the end of each year for 3 years. You could earn 5.5% on your money in other investments with equal risk. What is the most you should pay for the annuity?
Sue currently has $250. How much would she have after 8 years if she invested the money at 8.5% with compounding?