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26.) How much would $1, growing at 13.8% per year, be worth affer 75 years? 27.) You deposit $500 today in a savings account that
26.) How much would $1, growing at 13.8% per year, be worth affer 75 years? 27.) You deposit $500 today in a savings account that pays 6% interest, compounded annually. How much will your account be worth at the end of 35 years? 28.) Suppose a State of Calfiomia bond will pay $1,000 eight years fom now. If the going interest rate on these 8 -year bonds is 4.5%, how much is the bond worth today? 29.) Bob has $2,500 insested in a bank that pays 4.2% annally. How long wil it take for his funds to double? 30.) You want to go to Europe 5 years fomnow, and youcan save $8,500 per year, begirning one year fom today. Youplan to deposit the funds in a mutual fund thatyou think will retum 8.5% per year. Under these conditions, how much would you have just after you make the 5 th deposit, 5 years from now
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