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A) If Costco invests $20,000 at an assumed interest rate of 5% per year, what is the future value of this investment in five years?
A) If Costco invests $20,000 at an assumed interest rate of 5% per year, what is the future value of this investment in five years? (Round all amounts to the nearest dollar) B) If Align Builders wants to save $30,000 by the end of the year to buy a new piece of equipment and they can earn interest at 6% per year, how much would they have to invest at the start of the year? (Round all amounts to the nearest dollar) Marks Available: 2
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