5-1A (Compound Interest) To what amount will the following investment accumulate

Question

5-1A
(Compound Interest) To what amount will the following investment accumulate?
b. $8,000 invested for 7 years at 8 percent compounded annually.
c. $775 invested for 12 years at 12 percent compounded annually.
d. $21,000 invested for 5 years at 5 percent compounded annually
5-4A
(Present Value) What is the present value of the following future amounts?
b. $300 to be received 5 years from now discounted back to the present at 5 percent.
c. $1,000 to be received 8 years from now discounted back to the present at 3 percent.
d. $1,000 to be received 8 years from now discounted back to the present at 20 percent.

Explanation / Answer

5-1A

The future value is calculated using excel sheet:

b) Step1: Go to excel and click

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