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VAUR 10.00 points wa You want to invest $10,000 in a business opportunity. If you keep the money invested in the business for two years,
VAUR 10.00 points wa You want to invest $10,000 in a business opportunity. If you keep the money invested in the business for two years, you will receive $11,000 back. If you keep the money invested in the business for five years, you will receive $13,000 back. Currently the money is in your savings account which earns 5% interest compounded annually (Future Value of $1. Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1) (Use appropriate factor from the PV tables.) el S Future Value Annaiy oueas smeetompa tor tie yeasou a. What is the future value of the money if it remains in your savings account for two years? (Round your answer to the nearest dollar amount.) b. What is the future value of the money if it remains in your savings account for five years? (Round your answer to the nearest dollar amount.)
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