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Find how much money company have in account five year

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Question 1: Wolf & Co. is planning to save some money to buy new equipment. The company is opening an account today with a deposit of $15,000 and expects to earn 4% interest. After 3 years, it wants to add an additional $50,000 to the account If the account continues to earn 4% interest, how much money will the company have in its account five years from now?

Question 2: Six years ago, James invested $3500 into an account. No other investments or withdrawals have been made. Today, the account is worth $7,403.16. What rate of return has James earned so far?

Question 3: You are considering two salary offers. The first one will pay you $80,000 a year for two years. The second one will pay you $60,000 a year for two years and an $35,000 additional bonus, paid today.

The salaries would be paid in a lump sum at the end of each year. If the interest rate is 5%, compounded monthly, which is the better offer?

Reference no: EM132599530

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