Finance Maths

1. How much money will result from investing $1000 annually for 10 years?

2. How much do you need to invest annually to accumulate $10,000 in 5 years?

3. If $10,000 is invested now, how much money can be withdrawn over a 5 year period?

4. If you won a sweepstakes for $100,000, should you receive the winnings up front in cash ($100,000) or accept annual payment of $12,000 for 15 years?

Answer: