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Calculate the future value of 100 invested with 7% compound interest for 5 years. And what if that same company looked at the following future
Calculate the future value of 100 invested with 7% compound interest for 5 years. And what if that same company looked at the following future value? Calculate the future value of the annuity for 3,000 invested each year for 40 years at 7% compound interest.
So, If Jason commits $4,500 to an IRA each year for 30 years and received 6% interest, what will his total investment be worth at the end of the 30 years? What is the relationship between the discount rate, risk, and present value?
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