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2 $ 1 , 0 0 0 is deposited in an account earning 6 % , for five years. What will be the balance in

2$1,000 is deposited in an account earning 6%, for five years. What will be the balance in five years.
A: Interest Factor 1.33823
3 Let's say Sara deposits $10,000 dollars in a savings account at Key Bank.
The bank is offering to pay 7% interest for 10 years. What will be the balance in Sara's account ten years from today.
A: Interest Factor 1.96715
4 Let's say Greg deposits $13,325 dollars in a CD (Certificate of Deposit) at Star Bank. The bank is offering to pay 6.25% interest for 5 years. What will be the balance in Greg's account five years from today.
A: Interest Factor 1.354081
5 The Los Angeles Lakers offer LeBron James a bonus of $10,000,000, to be received 5 years from today, if he remains on the team until then. How much should the team set-aside in an account earning 6% in order to honor this contract.
A: Interest Factor 747258
6 The Cleveland Guardians offer Sean Bieber a bonus of $1,000,000 dollars. He will receive the money at the end of five years if he remains on or with the team. Calculate the present value of that bonus if the current interest rate is 7.26%.
A: Interest Factor 704387
7 Let's say Carol deposits $100,000 dollars in a CD (Certificate of Deposit) at Star Bank. The bank is offering to pay 6.35% interest for 8 years. What will be the balance in Carol's account eight years from today.
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