Solve various time value of money scenarios. (Cick the ioon to view the scenarios.) (Click the icon to view the present value factor table.) (Cfick the icon to view the future value factor tablo.) (Click the icon to viow the prosent value annuly factor table.) (Click the icon to view the future value annutity factor table.) Scenario 1. Suppose you invest a sum of $1,000 in an interest-bearing account at the tate of 14% per year. What wit the investment be worth six years from now? (Round your answer. nearest whole dollar) In six yoars the investment will bo worth More info 1. Suppose you invest a sum of $1,000 in an interest-beoving account at the rate of 14% per year: What will the irvestment be worth aix years from now? 2. How mudh woud you need to invest now to be able fo withdraw $7,000 at the end of avery year for the next 20 years? Assume a 10% interest mate. 3. Assume that you want to hwe $165,000 sared seven years from now if you can imyest your funds at an 8% interest rate, haw much do you cumently noed to invest? 4. Your aund CaGy plans to give you \$1,000 at the end of every yeat for the neut len years. If you mest each of her yeary ofs at a 12% interest nate. how much will they be worm at the ond of the ro-year period? 5. Suppose you want to buy a smat cabin is the mountais four years fram now you esberafe inat the propecty will cost 352,000 of that tine. How much monay do you need to invest esch year in an interest fearing account at the nate of bS per yesar fo accumiste the purchate pices? Solve various time value of money scenarios. (Cick the ioon to view the scenarios.) (Click the icon to view the present value factor table.) (Cfick the icon to view the future value factor tablo.) (Click the icon to viow the prosent value annuly factor table.) (Click the icon to view the future value annutity factor table.) Scenario 1. Suppose you invest a sum of $1,000 in an interest-bearing account at the tate of 14% per year. What wit the investment be worth six years from now? (Round your answer. nearest whole dollar) In six yoars the investment will bo worth More info 1. Suppose you invest a sum of $1,000 in an interest-beoving account at the rate of 14% per year: What will the irvestment be worth aix years from now? 2. How mudh woud you need to invest now to be able fo withdraw $7,000 at the end of avery year for the next 20 years? Assume a 10% interest mate. 3. Assume that you want to hwe $165,000 sared seven years from now if you can imyest your funds at an 8% interest rate, haw much do you cumently noed to invest? 4. Your aund CaGy plans to give you \$1,000 at the end of every yeat for the neut len years. If you mest each of her yeary ofs at a 12% interest nate. how much will they be worm at the ond of the ro-year period? 5. Suppose you want to buy a smat cabin is the mountais four years fram now you esberafe inat the propecty will cost 352,000 of that tine. How much monay do you need to invest esch year in an interest fearing account at the nate of bS per yesar fo accumiste the purchate pices
