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Q1 upto Q10 Complete the following in a separate word document and upload the file here. 1. The investor earns an interest rate of 2.0%
Q1 upto Q10
Complete the following in a separate word document and upload the file here. 1. The investor earns an interest rate of 2.0% on a $10,000 savings account. Calculate the future value of this amount if the investor keeps it for 5 years? 2. The investor earns an interest rate of 2.5% on a $5,000 savings account. Calculat the future value of this amount if the investor keeps it for 6 years? 3. The investor earns an interest rate of 1.9% on a $13,000 savings account. Calculate the future value of this amount if the investor keeps it for 12 years? 4. The investor earns an interest rate of 2.25% on a $11,000 savings account. Calculate the future value of this amount if the investor keeps it for 8 years? 5. The investor earns an interest rate of 2.8% on a $9,000 savings account. Calculate the future value of this amount if the investor keeps it for 10 years? 6. John wants to earn $10,000 after 4 years. The interest rate available on a specific investment, which he is interested in, is 3% per annum. How much he should invest today to receive the desired amount? 7. The investor wants $12,000 after 3 years. The interest rate available on a specific investment, which he is interested in, is 4% per annum. How much he should invest today to receive the desired amount? 8. An investor wants $20,000 after 5 years. The interest rate available on a specific investment, which he is interested in, is 2.5% per annum. How much he should invest today to receive the desired amount? 9. An investor wants $11,000 after 2 years. The interest rate available on a specific investment, which he is interested in, is 4.5% per annum. How much he should invest today to receive the desired amount? 10. An investor wants $8,000 after 2 years. The interest rate available on a specific investment, which he is interested in, is 3.75% per annum. How much he should invest today to receive the desired amount? ( Step by Step Solution
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