Question 7 What Is The Future Worth Of 8 000 At The End Of Each Year For 18 Years At 6 45 Compounded Annually A 95 1 (54.44 KiB) Viewed 52 times
please answer the two questions in details QUESTION 7 What is the future worth of $8,000 at the end of each year for 18 years at 6.45% compounded annually? a. $95,296.31 b. 299,937.48 Oc. $258,047.19 d. $71,666.65 QUESTION 8 If you deposited $100 now and $700 three years from now (n = 4) in a savings account that pays 10% annual interest, how much would you have at the end of year 12? a. $1,338.24 b. $20,515.30 c. $1,806.66 d. $15,082.81 Oe. $22,386.46 Of. $2,776.74
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