math
Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. What would be the future value if the interest rate is a simple interest rate?
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$14,000 |
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$14,200 |
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$16,000 |
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$11,000 |
Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. What would be the future value if the interest rate is a compound interest rate?
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$14,593 |
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$14,693 |
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$16,693 |
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$13,963 |
Determine the future values if $5,000 is invested in each of the following situations: 5 percent for ten years.
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$8,144 |
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$7,144 |
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$6,144 |
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$7,414 |
Determine the future value if $5,000 is invested in each of the following situations: 7 percent for seven years
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$8,130 |
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$8,031 |
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$8,028 |
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$7,028 |
Determine the future value if $5,000 is invested in each of the following situations: 9 percent for four years.
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$7,260 |
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$7,620 |
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$7,062 |
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$7,057 |
Find the present value of $7,000 to be received one year from now, assuming a 3 percent annual discount interest rate. Also calculate the present value if the $7,000 is received after two years.
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$6,796.12 and $6,598.17 |
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$7,696.13 and $5,698.17 |
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$6,976.12 and $6,968.17 |
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$6,796.12 and $6,859.17 |
Use a financial calculator or computer software program to answer the following question:
· What would be the future value of $15,555 invested now if it earns interest at 14.5 percent for seven years?
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$30,134 |
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$40,134 |
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$50,134 |
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$25,000 |
What would be the future value of $19,378 invested now if the money remains deposited for eight years and the annual interest rate is 18 percent?
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$72,839 |
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$73,296 |
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$70,296 |
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$71,000 |