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1. How much would be in your account in 10 years after depositing $2000 now? The annual interest rate is 8%

1. How much would be in your account in 10 years after depositing $2000 now? The annual interest rate is 8%

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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1. How much would be in your account in 10 years after depositing $2000 now? The annual interest rate is 8% 2. How long will it take $500 to reach $10,000 when it grows at 8 percent per year? 3. At age 15 you invest $5,000 into a mutual fund. If you gain 25000 at age 40, the annual interest rate is?
Transcribed Image Text:1. How much would be in your account in 10 years after depositing $2000 now? The annual interest rate is 8% 2. How long will it take $500 to reach $10,000 when it grows at 8 percent per year? 3. At age 15 you invest $5,000 into a mutual fund. If you gain 25000 at age 40, the annual interest rate is?
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