Question
1. An index was created 20 years ago to monitor the average costs constructing homes. Twenty years ago, construction costs averaged $86 per square foot
1. An index was created 20 years ago to monitor the average costs constructing homes. Twenty years ago, construction costs averaged $86 per square foot and the index was set at 100. currently, costs are $123 per square foot. if the index value was 125one year ago, state below the cost per square foot one year ago( to the closest penny)
2. supposed today you put money into an investment for 10 years that earns an interest rate of 3.75%. At the end of 10 years, the investment will be worth $138,000. state below what it will be worth 4 years from today ( to the closest dollar).
3. How much was deposited in a bank 15 years ago at 7.4% interest that gives an annual payment of $10,000 forever starting this year? give answer below to closes dollar.
4. Assuming an interest rate of 4.5%, enter below the future value of a series of annual deposits that begin two years from now with a deposit of $35 and then each new deposit(starting for year 3) is increased by $35 for 23 years ( ending for year 25)answer to closest dollar
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