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Question 3 (20 points) What is the future value of $1250 (today) after 5 years at 6% APR compounded monthly? Round to the nearest dollar.

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Question 3 (20 points) What is the future value of $1250 (today) after 5 years at 6% APR compounded monthly? Round to the nearest dollar. $7,046 $6,047 $1,673 $1,686 Question 4 (20 points) What is the future value of $245 in six years? The interest rate (APR) is 4%, compounded monthly. Round to the nearest dollar. $310 $311 $1,625 $19,900

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