How Practice Questions a. You make a single deposit of $100 today. It will remain invested for 4 years at 8% per year compounded annually. What will be the future value of your single deposit at the end of 4 years? b. Paul makes a single deposit today of $200. The deposit will be invested for 3 years at an interest rate of 10% per year compounded semiannually. What will be the future value of Paul's account at the end of 3 years? C. Sheila invests a single amount of $300 today in an account that will pay her 8% per year compounded quarterly. Compute the future value of Sheila's account at the end of 2 years. d. You invest $400 today in an account that earns interest at a rate of 12% per year compounded monthly. What will be the future value at the end of 2 years? e. An airplane ticket costs $500 today and it is expected to increase at a rate of 5% per year compounded annually. Determine the number of years it will take for the $500 airplane ticket to have a future cost of $700. Page 46 of 51