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What amount will be in the account at the end of years

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Q1. If $43000 is put in a savings account paying interest of 6% compounded annually, what amount will be in the account at the end of 5 years?

Q2. Tamarisk, Inc. has just purchased equipment that requires annual payments of $100000 to be paid at the end of each of the next 5 years. The appropriate discount rate is 15%. What is the present value of the payments?

Q3. Chang Company earns 12% on an investment that will return $400,000 eleven years from now. What is the amount Chang Company should invest now to earn this rate of return?

Reference no: EM132903980

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