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Calculate the future value of $2,000in a.4years at an interest rate 10%per year.8years at an interest rate of 10%per year.4years at an interest rate...
Calculate the future value of $2,000in
a.4years at an interest rate 10%per year.
b.8years at an interest rate of 10%per year.
c.4years at an interest rate of 20%per year.
d. Why is the amount of interest earned in part (a )less than half the amount of interest earned in part (b
(a)Future Value ==== 2000 (1+10%)^42000 (1.1)^42000 (1.4641)2,928.20 ==== 2000 (1+10%)^82000 (1.1)^82000 (2.143589)4,287.18 ==== 2000 (1+20%)^42000 (1.2)^42000 (2.0736)4,147.20...