Your bank pays2.7% interest per year. You put $1,100 in the bank today and $650 more in the bank in one year. How much will you have in the bank in 2years?

Your brother has offered to give you either $75,000 today or $150,000 in 11 years. If the interest rate is 4% per year, which option is preferable?

Calculate the future value of $5,000 in a.Four years at an interest rate of 7% per year .b.Eight years at an interest rate of 7% per year. c. Four years at an interest rate of 14% per year. (A) Why is the amount of interest earned in part (b) less than half the amount of interest earned in part ? a.Four years at an interest rate of7%per year.The future value of $5,000 in 4 years at an interest rate of 7% per year is $?

(Round to the nearest dollar.)