Time Value of Money

A. You plan to invest at a yearly 10.72% interest compounded yearly for 7 years.

If you want the investment will be worth $7622 after 7 years, then you must put $_____ in the investment now.

B. You plan to invest at yearly 6% interest compounded monthly.

If you want the investment will be worth $9422 after 75 months, then you must put $________ in the investment now.

C. You invest $4503, at a yearly 12.83% interest compounded monthly for 4 years.

The investment will be worth $_____ after 4 years.