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2. Stacey deposits $5,000 into an account that pays 2.5 percent interest, compounded annually. How much will Stacey have after 3 years? After 5 years?
2. Stacey deposits $5,000 into an account that pays 2.5 percent interest, compounded annually. How much will Stacey have after 3 years? After 5 years? After 10 years? 3. What are the correct variables when calculating the future value of $1000 invested today at 8% in 12 years? What is the future value of this investment? 4. A financial manager wants to invest his company's cash reserves today and receive back twice that amount in the future. The manager expects to earn 6 percent interest. Approximately how long must you wait for your investment to double in value
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