Answer needed for Part 2 & 3:

2- Compute the future value of $1,250 compounded annually for:

a) 10 years at 5%

b) 10 years at 10%

c) 20 years at 5%

d) Why is the interest earned in part (c) not twice the amount earned in part (a)?

3- For each of the following, compute the present value:

Present Value	Years	Interest Rate	Future Value
	6	7	13,827
	11	15	43,852
	19	11	725,380
	29	18	590,710

2. Calculating Future Values Compute the future value of $1,250 compounded annually for a. 10 years at 5 percent. b. 10 years at 10 percent. c. 20 years at 5 percent. d. Why is the interest earned in part (c) not twice the amount earned in part (a)? 3. Calculating Present Values For each of the following, compute the present value