Question
1.To what amount will the following investment accumulate? $3,119, invested today for 33 years at 3 percent, compounded annually. Round the answer to two decimal
1.To what amount will the following investment accumulate? $3,119, invested today for 33 years at 3 percent, compounded annually. Round the answer to two decimal places. 2. You placed $7,262 in a savings account today that earns an annual interest rate of 5 percent compounded annually. How much you will have in this account at the end of 8 years? Assume that all interest received at the end of the year is reinvested the next year. Round the answer to two decimal places 3. What is the present value of the following future amount? $215,518, to be received 6 years from now, discounted back to present at 8 perecent, compunded annually. Round the answer to two decimal places
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