Question: please help with these 2 questions To save for her newborn son's college education, Lea Wilson will invest $1,000 at the end of each year
To save for her newborn son's college education, Lea Wilson will invest $1,000 at the end of each year for the next 18 years. The interest rate is 12 percent. What is the future value? 1) $63,440 2) $34,931 3) $55,750 4) $7,690 Question 4 (2 points) How much must you invest today at 10% interest in order to see your investment grow to $5,000 in 5 years? B 1) $3,105 2) $3.415 3) $3,070 4) none of the these
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