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How much would have in ten years

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Reference no: EM132579993

Question 1: What would be the compound annual interest rate you would need to double your $1,000 investment over three years?

Question 2: If your bank pays you 5% annual interest, compounded monthly, how much would you have in ten years if you invest $1,000 today?

Question 3: How much would you have to deposit into a bank account that pays 9.25% annual interest, compounded quarterly, if you expect to have $20,000 by the end of five years?

Question 4: Suppose you invested $2,500 in the business that a friend of yours opened and that in three years this friend gave you back $3,700. How much was your investment in your friend's business?

Reference no: EM132579993

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