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What is the future value compounded interest

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1) What is the future value of $ &,780 at the end of 7 periods at 8% compounded interest.

2) Jhon Finley wishes to become a millionaire. His money market fund has a balance of $142,673 and has a guaranteed interest rate 9%. How many years must jhon leave that balance in the fund in order to get his desired $950,000

3) Assume that Cindy Williams desires to accumulate $950,000 in 13 years using her money market fund balance of $217,716. At what interest rate must Cindy's investment compound annually.

Reference no: EM131809409

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