Note for questions:(If you solve this problem with algebra round intermediate ca

Question

Note for questions:(If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)

1. Mr. A is planning to invest $30,000 today in a mutual fund that will provide a return of 9 percent each year. What will be the value of the investment in ten years?

Value of investment after 10 years=

2. Mr. A received a graduation present of $5,000 that she is planning on investing in a mutual fund that earns 7.00 percent each year. How much money can she collect in three years?

Value of investment after 3 years=

3. Mr. A is considering an investment that pays 6.80 percent. How much will he have to invest today so that the investment will be worth $22,000 in six years?

Amount to be invested today=

4. Mr. A has asked you for a loan and has promised to pay back $9,000 at the end of three years. If you normally invest to earn 7 percent per year, how much will you be willing to lend to your brother?

Amount to be invested today=

Explanation / Answer

As per chegg guidelines we answer 1 question per post. But I have answerted 2 questions in one post. Kindly post the remaining questions in next post 1) $71,020.91 Opening Balance                   30,000.00 Rate ,r yearly   9.00% Time in Years 10.00 Year Opening Balance Interest(Opening bal*Intt rate) Closing Balance(Op bal + Intt + Invt)                                   1.000                   30,000.00               2,700.00                 32,700.00                                   2.000                   32,700.00               2,943.00                 35,643.00                                   3.000                   35,643.00               3,207.87                 38,850.87                                   4.000                   38,850.87               3,496.58                 42,347.45                                   5.000                   42,347.45               3,811.27                 46,158.72                                   6.000                   46,158.72               4,154.28                 50,313.00                                   7.000                   50,313.00               4,528.17                 54,841.17                                   8.000                   54,841.17               4,935.71                 59,776.88                                   9.000                   59,776.88               5,379.92                 65,156.80                                 10.000                   65,156.80               5,864.11                 71,020.91 2) $6,125.22 Opening Balance                      5,000.00 Rate ,r yearly   7.00% Time in Years 3.00 Year Opening Balance Interest(Opening bal*Intt rate) Closing Balance(Op bal + Intt + Invt)                                   1.000                      5,000.00                   350.00                   5,350.00                                   2.000                      5,350.00                   374.50                   5,724.50                                   3.000                      5,724.50                   400.72                   6,125.22

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