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General Instructions Answer all 4 problems Show ALL work to earn any partial credit / indicate notation if you use Interest Tables Please write neatly
General Instructions Answer all 4 problems Show ALL work to earn any partial credit / indicate notation if you use Interest Tables Please write neatly Circle your final answers 1. For an interest rate of 13% compounded annually, find: a) How much can be lent now if $10,000 will be repaid at the end of 5 years b) How much will be required in 4 years to repay a $25,000 loan received now? 2 If $1500 is invested now, $1,800 two year from now, and $2,000 four years from now at an interest rate of 6% compounded annually, what will be the total amount in 15 years? Show all work
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