Question: Question 7 ( 1 2 points ) Assume that the annual interest rate is 8 % . Compute ( i ) The future value of

Question 7(12 points)
Assume that the annual interest rate is 8%. Compute
(i) The future value of 30,000 invested today for a period of 4 years, if the interest rate is compounded monthly.
(ii) The present value today of 50,000 received after 5 years, if the interest rate is compounded every 6 months.
Question 7(12 points) Assume that the annual interest rate is 8%.

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