Health care finance. help with 5-7. week 2 financial exercises part 1.

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? Answer. After completing the caculations, I do believe that this is a good investment for me because I would gain more in retum after 4 years. FV=$2,928.2 Caculations were determined by Using formula FV=PV (1+1) FV-$2,000 (1+0.10 (interest rate)) 4 (time of investment) FV-$2,000 1.4641 (5) What will $82,000 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% Answer: (7) At what interest rate must $112,000 be invested so that it will be worth $392,000 in 14 years? Answer: Week 2 - Part 1 Week 2 - Part 2