Question: Solve the following using the compound interest formulas. 5 pts each Future Value: A= P(1+-). A-Pe Present Value: P=4(1+), P=Ae terature 12) If you

Solve the following using the compound interest formulas. 5 pts each Future

Solve the following using the compound interest formulas. 5 pts each Future Value: A= P(1+-). A-Pe" Present Value: P=4(1+), P=Ae" terature 12) If you invest $7500 at 31 % interest compounded quarterly, how much will you have in 12 yrs? 4 13) If you invest $10,000 at 2.75% interest compounded continuously, how much will you have in 8 yrs? 14) If you need $100,000 in 18 years, how much should you invest now if you can get 2.5% compounded continuously?

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