Question: 1. Calculate the future value after 3 years if $1000 is deposited at 1.2% simple interest. 2. Future Value Calculate the future value after 18

1. Calculate the future value after 3 years if $1000 is deposited at 1.2% simple interest.
2. Future Value Calculate the future value after 18 months if $2000 is deposited at 2% simple interest.
3. Present Value Find the present value of $3000 in 10 years at 2% simple interest.
4. Present Value Find the present value of $2000 in 8 years at 3.5% simple interest?

Step by Step Solution

3.46 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

1 F 13 0012100... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

1385-M-S-L-P(3010).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!