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1. If I deposit $8,000 into an account earning 2% interest, how much interest will I earn over the next 4 years? Round to the
1. If I deposit $8,000 into an account earning 2% interest, how much interest will I earn over the next 4 years? Round to the nearest cent.
2. If I deposit $10,000 into an account earning an interest rate of 1.5%, how much will I have in the account after 10 years? Round to the nearest cent (two decimal places, no $ sign)
3. What is the present value of $14,000 to be received in 8 years if your discount rate is 5%? Round to the nearest cent.
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