1. Assume someone invests $10,000 at the end of each year for 30 years (total of 30 investments, 8% annual return, compounded annually). How much money would be in the account in 30 years (the end of Year 30)? You must include the calculation in order to receive credit.
2. 2) Discuss the effect that increasing or decreasing the rate of return would have on the amount of money in the account? (refer to your calculation in question 1)
3. 3) Instead of starting early and investing for 30 years assume that $10,000 is invested at the end of each year for 5 years (total of 5 investments, 8% annual return, compounded annually). How much money would be in the account in 5 years (the end of Year 5)? You must include the calculation in order to receive credit.