i need to understand his

Current Attempt in Progress James Smith is planning to invest $20,000 today in a mutual fund that will provide a return of 8 percent each year. What will be the value of the investment in 10 years? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.) Value of investment after 10 yearsYour birthday is next week and instead of other presents, your parents promised to give you $1,900 in cash. Since you have a part- time job and, thus, don't need the cash immediately, you decide to invest the money in a bank CD that pays 5.00 percent, compounded quarterly, for the next two years. How much money can you expect to earn in this period of time? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your nal answer to the nearest penny.) Value of investment after 2 years $ Current Attempt in Progress You invest $180 in a mutual fund today that pays 8.50 percent interest annually. How long will it take to double your money? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to O decimal place, e.g. 545) Number of yearsCurrent Attempt in Progress Donna Clark expects to need $62,000 for a down payment on a house in six years. How much would she have to invest today in an account paying 9.25 percent in order to have $62,000 in six years? (Round answer ['02 decimal places, as. 52.75.) Present value Current Attempt in Progress Laura Hall wants to accumulate $8,500 by the end of 12 years. If the annual interest rate is 8.50 percent and interest compounds semiannually, how much will she have to invest today to achieve her goal? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.) Present value of investment $ e Textbook and Media