Question
21. F=? If G=50, n=4, and i=14% Need to calculate. Options are 298, 329, 157, 195, and 575 22. You want an investment that will
21. F=? If G=50, n=4, and i=14% Need to calculate. Options are 298, 329, 157, 195, and 575 22. You want an investment that will pay out $7,000 at the end of each year for the next 5 years. What do you have to invest today to make that possible? Assume a 6% interest rate. Need to calculate. 23. If you can get F = $5,700 from P=$2,000 for n=15 years, what is i%? Need to calculate. 24. You deposit $3,500 in a bank today. The. Bank gives you an interest rate of 8% annually with simple interest calculation. Find F at the end of year 5. Need to calculate.
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