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Questions 1: Calculate the Future Value of $200, 8 years, 8% (See PPT Slide 15) Year Value of Beginning of year Simple interest Interest On
Questions 1: Calculate the Future Value of $200, 8 years, 8% (See PPT Slide 15)
Year | Value of Beginning of year | Simple interest |
| Interest On Interest |
| Total (Compound) Interest | Value at End of Year |
1 |
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2 |
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3 |
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8 |
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Question 2: 72 Rule (see PPT slide 39)
A] Investor who invested $1,000 with an annual inflation rate of 2%. How many years will the investor lose his/her principle?
B] Investor who invested real property $1,000,000, 4.5%. How many years will the investor double his/her investment?
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