question 8-2 chapter 8

Problems All these problems may be solved using algebra, tables, financial calculator, or Excel. The al body of this chapter. Those who wish to solve these problems using Excel may learn the skil www.textbookmedia.com and going to the area of the website for this textbook. Future Value 8-1. What is the future value of $1,000 invested today if you earn 2 percent annual interest for f Future Value 8-2. Calculate the future value of $20,000 ten years from now if the annual interest rate is a. 0 percent b. 2 percent c. 5 percent d. 10 percent