Question: FINISH EACH PART FOR A THUMBS UP. YOU WILL NOT RECIEVE A THUMBS UP UNLESS EACH PART IS DONE. THANKS! Consider a $2,000 deposit earning


Consider a $2,000 deposit earning 8 percent interest per year for five years. What is the future value? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Future value How much total interest is earned on the original deposit? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Total interest eamed How much is interest earned on interest? (Do not round intermediate calculations, Round your answer to 2 decimal places.) Interest earned on interest What is the present value of a $1,500 payment made in nine years when the discount rate is 8 percent? (Do not round intermediat calculations. Round your answer to 2 decimal places.) Present value How much would be in your savings account in 11 years after depositing $150 today if the bank pays 8 percent per year? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Future value
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
