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Find how much willhave in forty years

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Reference no: EM132652249

Question 1: What is the present value of $600 in 5 years and the interest rate is 7%?

Option 1: $427.79

Option 2: $841.53

Option 3: $2,460.12

Option 4: $3,450.44

Question 2: How much will you have in 40 years if you invest $6,000 each year starting today and ending after 40 years? Your opportunity cost of capital is 8%.

Option 1: $240,000

Option 2: $130,347

Option 3: $1,554,339

Option 4: $259,200

Reference no: EM132652249

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