Finance questions about the time value of money, and the
present value of a single amount:
1.a) Rossie received $17,000 from an
inheritance, and he wants to invest it for the next 18 years. If he
can earn 9.5% annually after tax, how much will his account be
worth at the end of 11 years?
b) Joneisha needs a total of $700,000 in 10
years to pay for 4 years of college for her granddaughter. If she
can earn 7.5%...