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2a. What would the future value of $100 be after 5 years at 10% compound interest? 10% $100 $0 PV PMT FV I 2b. At
2a. What would the future value of $100 be after 5 years at 10% compound interest? 10% $100 $0 PV PMT FV I 2b. At 10% simple interest? Annual interest 10% $100 $0 Total interest PV PMT FV 3a. Suppose you currently have $2,000 and plan to purchase a 3-year certificate of deposit (CD) that pays 4% interest compounded annually. How much will you have when the CD matures? 4% $2,000 $0 PV PMT FV 3b. How would your answer change if the interest rate were 5%, or 6%, or 20%
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