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Question 2: If you invest $7,000 in an investment that pays 4% interest annually for 5 years, how much will you have at the end
Question 2: If you invest $7,000 in an investment that pays 4% interest annually for 5 years, how much will you have at the end of the 5 years? (In other words, what is the future value of $7,000 invested at a 4% rate for 5 years?)
Question 3: If you invest $200 in an investment that pays 6% interest annually for 20 years, how much will you have at the end of 20 years? (In other words, what is the future value of $200 invested at a 6% rate for 20 years?
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