Question: Construct a table and a graph showing the relationship between interest rates, time, and future value by showing how $5,000 would grow each successive year
Construct a table and a graph showing the relationship between interest rates, time, and future value by showing how $5,000 would grow each successive year over a 30-year period at different interest rates. Use $5,000 for your present value and calculate the future value of this $5,000 each year over the 30-year period at 0%, 2%, 4%, 7%, 10%, 13%, 16%, and 20% compounded annually. Future Value should be the y-axis for your graph and years (or time) should be your x-axis and you should end up with a line for each interest rate on your graph. Please insert your graph (chart) under your table of future values.
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