In order to have $1,000(FV)3 years from now (N), assuming you can earn 8% interest, how much do you need to invest today (PV)? 522.001,259.00361.00793.00 Question 6 FV=$100,000; Rate =7.5%;N=10. Calculate the PV. 175,319.00 206,103.00 48,519.00 75,256.00 What interest rate would you need to earn in order to become a deca-millionaire (worth $10,000,000 ) if you invested $2,000,000 today and wanted to be worth ten million dollars in 15 years? 15.67%12.98%11.33% No solution. Error. Question 8 3 pts What rate of interest would be required to enable an investment of $10,000 to reach a total value of $100,000 over a 20 year period? 13.4% No solution. Error. 12.2% 10.6% How long will you need to wait until the value of a $1,000 investment doubles, if it earning 10.5% interest per year? 6.94 years 7.88 years No solution. Error. 5.46 years Question 10 3 pts What interest rate would you need to earn in order to become a deca-millionaire (worth $10,000,000 ) if you invested $1,000,000 today and wanted to be worth the total of ten million dollars in 15 years? 22.83% 14.56% No solution. Error. 16.59%