Linda Roy received a $201,000 inheritance after taxes from her parents. She invested it at 4.5% interest

Question:

Linda Roy received a $201,000 inheritance after taxes from her parents. She invested it at 4.5% interest compounded quarterly for 4 years. A year later, she sold one of her rental properties for $211,000 and invested that money at 3.5% compounded semiannually for 3 years. Both of the investments have matured. She is hoping to have at least $501,000 in 8 years compounded annually at 2.5% interest so she can move to Hawaii.
1. of Inheritance Investment: $
2. of Rental Property Investment: $
3. Present Value of Final Investment: $
4. of Final Investment: $
5. Will she meet her goal?
Yes or
No
Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...