Question
1. Draw a three year time line to illustrate the following situation An outflow of 10 000 occurs at Time 0, Inflows of 5 000
1. Draw a three year time line to illustrate the following situation An outflow of 10 000 occurs at Time 0, Inflows of 5 000 then occur at the end of Years 1 2 and 3, The interest rate during all three years is 10 percent. (requirement: Time line)
2. Set up a time line that shows the following situation Your initial deposit is 100, The account pays 5 percent interest annually, You want to know how much money you will have at the end of three years. Write out an equation that could be used to solve the preceding problem
3. You deposit 2000 today at 6 interest How much will you have in 5 years?
4. You invest 5 000 today You will earn 8 interest How much will you have in 4 years?
I am asking only 4 questions, please answer all of them!
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