About the time value of money

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Time Value of Money

A. You plan to invest at a yearly 7.88% interest compounded yearly for 9 years.

If you want the investment will be worth $10,269 after 9 years, then you must put $_____ in the investment now.

B. You plan to invest at yearly 13% interest compounded monthly.

If you want the investment will be worth $8465 after 86 months, then you must put $________ in the investment now.

C. You invest $3544, at a yearly 5.34% interest compounded monthly for 7 years.

The investment will be worth $_____ after 7 years.

Reference no: EM131026195

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