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Answer: You have been offered $3,000 in 4 years for providing $2,000 today into a business venture with a friend. If interest rates are 10%,

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Answer: You have been offered $3,000 in 4 years for providing $2,000 today into a business venture with a friend. If interest rates are 10%, is this a good investment for you? (5) What will 882.000 grow to be in 11 years if it is invested today at 8% and the interest rate is compounded monthly? (6) How many years will it take for $136,000 to grow to $468.000 if it is invested in an account with an annual interest rate of 8% ASVET (1) At what interest rate must $112.000 be invested so that it will be worth $392.000 in 14 years

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