is there a formula u use for these quesions?

[ricci]

if u invest the  10k  u recieve @ graduation (age22) in a mutual fund which averagesa 12% annual return, how much will u have at retirement?

and question # 2

you purchase a piece of property for 30k, 9 yrs ago and sold it for 83,190. what was the annual rae of return on your investment

[Nick_R]

For the first one, it's an interest formula. P(1 + r)^y    P being principal (10,000), r being your rate, and y being years.

The second one, just divide the difference (53,190) over 9 (years).  Then divide that by the starting price (30,000).

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