>> Financial Management
1. What is the future value of $4000 in 5 years if it is invested at an interest rate of 6.00%?
2. Suppose your retirement goal is to accumulate $400 in 2.5 years. How much do you need to deposit in the bank today to meet your goal if the bank offers an interest rate 5.65%?
3. What is the present value of 15 annual installments of $2000 paid at the end of each year and beginning at the end of the first year if the interest rate is 6.35%?
4. How long does it take for a deposit of $1656 to triple in value if invested at the interest rate of 5.90%?