1) What is the future value of $1,000 in 35 years at 5%? 2) What is the...

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1) What is the future value of $1,000 in 35 years at 5%?

2) What is the total amount of interest on this investment after 35 years?

3) Of the total amount of interest, what is the cumulative simple interest?

4) Of the total amount of interest, what is the cumulative interest on interest?

5) The following is a plot comparing the $1000 invested for 35 years at 5% and 12%. What are the conclusions about compounding?

6) Suppose I have $1,000 today I want 10,000 in 35 years. What interest rate do I need ? (Use function on Excel or Goal Seek)

Related Book For answer-question

Mathematical Applications For The Management, Life And Social Sciences

ISBN: 9781337625340

12th Edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Posted Date: May 03, 2023 08:15 AM

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1) What is the future value of $1,000 in 35 years at 5%? 2) What is the...

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Mathematical Applications For The Management, Life And Social Sciences

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