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Hey guys, please contribute correct answers so I can provide upvote and positive feedback Question 1 (2 points) If you want to have $250,000 at
Hey guys, please contribute correct answers so I can provide upvote and positive feedback
Question 1 (2 points) If you want to have $250,000 at the end of 12 years, and you know you can get 9% interest, what amount do you need to invest now (to the nearest dollar)? $88,885 $703,168 $5,035,180 $1,790,183 If you invest $120,000 for 18 years at 9% interest, at the end of 18 years you will have (to the nearest dollar) $4,956,161 $25,439 $566,054 $1,050,676. If you invest $110,000 for 19 years at 8% interest, at the end of 19 years you will have (to the nearest dollar) $4,559,089 $474,727. $25,488. $1,056,396. If you want to have $150,000 at the end of 14 years, and you know you can get 6% interest, what amount do you need to invest now (to the nearest dollar)? $339,135 $3,152,261 $66,345 $1,394,247
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