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How much will you have in your account on january

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Reference no: EM133140427

Question -

1) Future Value. It is now January 1, 2018. You are making a deposit of $1,000 into a savings account that pays 8%. If the interest is compounded annually, how much will you have in your account on January 1, 2021?

2) Discuss the Rule of 72.

3) If you receive $15,000 today and can invest it at a 4.25% annual rate compounded continuously, what will be your ending value after 20 years?

a. $41,060.80

b. $43,517.43

c. $35,094.70

d. $28,426.71

4) What will be the value of a deposit of $10,000 in 12 years if the annual interest?

5) What is opportunity cost?

6) What is an amortization schedule?

Reference no: EM133140427

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