Question1. What is the future value of $3000 deposited today and then the sum is left to grow at 10% for 40 years? Show all work.
Question2. How much do i need to deposit per year for 30 years at 10% interest to achieve the sum in question 1? Show all work.
Question3. How much did i invest in question 1?, and how much in question 2? Please provide all computation and formulas.
Question4. How much will the answer for question 1 provide in a yearly income at 4% interest, perpetuity? Or a 30 year annuity? Please provide all computation and formulas.