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QUESTION

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...
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