Tolerance: $1.00 A Future Value Problem 1. Mary invests $100 today. How much will Mary's investment grow to in one year, if the interest rate is 4%. Hint: Use this formula: FV=PV(1+.04) ...where PV is today's amount and we are trying to calculate FV, the future value. Your answer: $ Result: 0 A Future Value Problem 2. Tom invests $1000 today at 6% interest for two years. How much will Tom's investment grow to in two years? Hint: Use this formula: FV=PV(1+.06) where FV is the future value we are seeking, and PV is the amount we are investing today. Note: round your answer to the nearest whole dollar. Your answer: $ Result: 0 A Future Value Problem Janet invests $3,000 today. If her investment earns a rate of 8%, how much will the investment grow to in 3 years? Use the following formula: FV=PV(1+.08) ...where PV is the amount invested today, 8% is the rate, and FV is the future value we are calculating. Round your answer to the neares whole dollar. Your answer: $ Result: 0