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Find the value of the investment after five years

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Question (a) Five years ago, Adib saved $10,000 in an account that pays 6% compounded monthly. Now he intends to add another $x into the account. Determine the value of x if the account will amount to $30,000 in 10 years' time.

Question (b) Angus invested $2,000 in an account that offered interest rate 8 percent compounded quarterly. Find the value of this investment after 5 years.

Question (c) Find the future value of a 3 years investment of $5,000 that earns 6 percent compounded monthly.

Reference no: EM132601983

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