Problem:
Future Value
1) If you invest 9,000 today, how much will have:
a. in 2 years at 9 percent?
b. In 7 years at 12 percent?
c. In 25 years at 14 percent?
d. In 25 years at 14 percent (compounded semiannually)?
Present value
2) How much would have to invest today to receive:
a. 15,000 in 8 years at 10%?
b. 20,000 in 12 years at 13 percent?
c. 6,000 each year for 10 years at 9 percent?
c. 50,000 each year for 50 years at 7 percent?