Problem
1. How much do you need to invest now in order to earn £25,000 in 10 years' time if the interest rate is (a) 10% (b) 8% (c) 6.5%?
2. How many complete years must £2,400 be invested at 5% in order to accumulate a minimum of £3,000?
3. For how long must £5,000 be kept in a deposit account paying 8% interest before it accumulates to £7,500?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.