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I need to see all work done and calculations. I have posted this question twice already, first response was just the answers and the second
I need to see all work done and calculations. I have posted this question twice already, first response was just the answers and the second was just values to be punched into a financial calculator, which I don't have. I need step by step solutions of how to do this. I need to see all of the work. This is not for a finance class and I have no knowledge of anything finance.
What is the future value of $1,000 invested at 8% simple interest per year for 2 years? (5 Points) You invest $25,000 in a stock-based mutual fund. This fund should earn (on average) 10% compounded annually over the life of the investment. How much should your investment be worth in 25 years? (5 Points) You deposit a single sum of money now so that you may withdraw 15 equal amounts of $1,000 at the end of each of the following 15 years. Assume 5% interest. How much should you deposit today? (5 Points) An enterprising student invests $1,000 at an annual interest rate that will growthe original investment to $2,000 in four years. In four more years, the initial amount will grow to $4,000, and this pattern of doubling every four years repeats over a total time span of 36 years. a) What is the magical interest rate the student is earning? b) How much money will the student gain in 36 years? (10 Points)Step by Step Solution
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