NEED HELP WITH QUESTION 19 and 25.

Chapter 4 Question 25 Output area: Input area: Present value Years 45 45 Interest rate 11.40% $ 5.70% $ Future value 1,000,000 1,000,000 LO1 19. Calculating Future Values You are scheduled to receive $10,000 in two years. When you receive it, you will invest it for six more years at 7.5 percent per year. How much will you have in eight years? LO4 20. LO1 21. LO3 22. Calculating the Number of Periods You expect to receive $30,000 at graduation in two years. You plan on investing it at 7 percent until you have $125,000. How long will you wait from now? (Better than the situation in Q Question 9, but still no Ferrari.) Calculating Future Values You have $5,800 to deposit. Regency Bank offers 12 percent per year compounded monthly (1 percent per month), while King Bank offers 12 percent but will only compound annually. How much will your investment be worth in 20 years at each bank? Calculating Rates of Return An investment offers to triple your money in 24 months (don't believe it). What rate per three months are you being offered? Calculating the Number of Periods You can earn .31 percent per month at your bank. If you deposit $1,800, how long must you wait until your account has grown to $3,100? Calculating Present Values You need $85,000 in 10 years. If you can earn .78 percent per month, how much will you have to deposit today? Calculating Present Values You have decided that you want to be a millionaire when you retire in 45 years. If you can earn an annual return of 11.4 percent, how much do you have to invest today? What if you can earn 5.7 percent? LO4 23. LO2 24. LO2 25. A B C D E Chapter 4 Question 19 Input area: Output area: Future value Present value $ 10,000 Years 6 Interest rate 7.5% 6