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What is the present value of received in one year

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Q1. You have access to a savings account with an interest rate of 3.2%. What is the present value of $800 received in one year?

Q2. Lazy Larry invests $1000 in a mutual fund on his 20th birthday and leaves it there for 30 years. On average, it grows 6.6% each year. How much money does Larry have on his 50th birthday, 30 years later?

Q3. Sofia wants to buy a car when she graduates high school in 4 years' time. She will need to have saved $5000. She has found a savings account with an interest rate of 3.5%. What is the present value of her saving target?

Reference no: EM133148191

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