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a. Find the FV of $1,000 invested to earn 8% after 5 years. Round your answer to the nearest cent. S 1469.3 b. What is
a. Find the FV of $1,000 invested to earn 8% after 5 years. Round your answer to the nearest cent. S 1469.3 b. What is the investment's FV at rates of 0%, 5%, and 20% after 0, 1, 2, 3, 4, and 5 years? Round your answers to the nearest cent. Interest Rate Year 0% 5% 20% 0 S 1000 S 1000 S 1000 1 S 1000 S 1060 $ 1200 2 S 1000 S 1123.60 $ 1440 3 S 1000 $ 1191.02 $ 1728 4 S 1000 S 1262.48 $ 2073.60 5 S 1000 S 1338.23 $ 2488.32 Choose the correct graph of future value as a function of time and rate. Note: blue line is for 0%, orange line is for 5%, and grey line is for 20%
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