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Time Value of Money please show work! 1. What would your investment account be worth in 23 years if you currently have $7,000 saved and
Time Value of Money
1. What would your investment account be worth in 23 years if you currently have $7,000 saved and plan to add $240 per month at the end of the month for the 23 years if the account pays 6% interest compounded monthly? 2. What is the future value of an $800 annuity payment over 10 years if the interest rates are 6 percent? 3. What is the present value of a $400 annuity payment over 5 years if interest rates are 6 percent please show work!
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