Question: 2 Use the Present Value Function (PV) to determine the amount to invest today Amount needed in future $5,000 Years in the future 5 Interest

2
Use the Present Value Function (PV) to determine the amount to invest today
Amount needed in future $5,000
Years in the future 5
Interest rate 3%
Amount to invest today

3
Use the Future Value Function (FV) to determine the future value of the annual investment
Amount invested annually $3,600
Number of years invested 20
Interest rate earned 7.00%
Future value of investement

Use the Future Value Function (FV) to determine the future value of the monthly investment.
Amount invested monthly $300
Number of years invested 20
Interest rate earned 7.00%
Future value of investement

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