How much must you invest today at 10% interest in order to see your investment grow to
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Question:
How much must you invest today at 10% interest in order to see your investment grow to $8,000 in 3 years?
To save for a new car, Samuel will invest $18,000 at the end of each year for the next 5 years. The interest rate is 8%. What is the future value?
3-Iris will receive $1.06 million in 30 years. The discount rate is 8%. As an alternative, she can receive $104,940 today. What should she choose?
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