Question
1.Suppose you invest $1,000 on January 31, 2018, earning 10% APR compounded semi-annually. How much will you have on January 31, 2028? 2.At 10% APR
1.Suppose you invest $1,000 on January 31, 2018, earning 10% APR compounded semi-annually. How much will you have on January 31, 2028?
2.At 10% APR compounded quarterly, what will $1,000 grow to in 10 years?
3. Suppose you can earn 10% APR compounded semi-annually. How much would you need to invest today January 31, 2018) in order to have $1,000 on January 31, 2026?
4. At 10% APR compounded quarterly, what is the present value of $1,000 to be received 8 years from now?
5. You deposit $200 into an account at the beginning of each month. This money earns 5% interest annually. What will be the value of your money in 10 years if you want to use it to supplement your income?
Please help with the formula/equation, Thank you!:)
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