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Suppose that the interest rate is 4 percent. Instructions: Enter your answers rounded to 2 decimal places. a. What is the future value of $100
Suppose that the interest rate is 4 percent. Instructions: Enter your answers rounded to 2 decimal places. a. What is the future value of $100 six years from now? How much of the future value is total interest? b. By how much would total interest be greater at an interest rate of 6 percent than at an interest rate of 4 perce $ Suppose that the interest rate is 4 percent. Instructions: Enter your answers rounded to 2 decimal places. a. What is the future value of $100 six years from now? How much of the future value is total interest? b. By how much would total interest be greater at an interest rate of 6 percent than at an interest rate of 4 perce $
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