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Exercise 2: Suppose you invest $2,500 in a bank at the rate of 14 percent per year. What will be the future value of your
Exercise 2: Suppose you invest $2,500 in a bank at the rate of 14 percent per year. What will be the future value of your investment in six years? Exercise 3: Suppose you're 22 years old now, in order to have $1,000,000 when you're retired (60 ye old), how much that you need to save money from now? (Assuming that interest rate is fixed at 12% year) Exercise 2: Suppose you invest $2,500 in a bank at the rate of 14 percent per year. What will be the future value of your investment in six years? Exercise 3: Suppose you're 22 years old now, in order to have $1,000,000 when you're retired (60 years old), how much that you need to save money from now? (Assuming that interest rate is fixed at 12% per year)
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