Question

Question 1 how much would you expect to have in 27 years assuming you deposited $43,216 in investment that will earn 14% round answer to the nearest Penny

question 2 if your friend will invest $46,093 and interest rate of 10% for five years how much will she have when the investment matures round answer to the nearest penny

question 3 if you say $48,690 in an account that earns an intrest rate of 14% how much will you have in 39 years round to the nearest penny?

question 4 Today you invest $31,010 at an interest rate of 11% if you leave the investment to grow for 21 years how much will the total wrong answer to the nearest peny?

question 5 In 10 years you want to buy a new car if you can earn 10% of an investment how much will you have for your down payment if you invest $73,748 today round answer to the nearest penny?

Answer 1

	Future Value		=	Amount*(1+rate)^n
1)	Amount		=	$43,216
	Rate		=	14% or 0.14
	Time		=	27 years
	Future Value		=	$43,216*(1+0.14)^27
			=	$43,216*(1.14)^27
			=	$43,216*34.3899
			=	$1,486,193.92
	Amount after 27 years		=	$1,486,193.92
2)	Amount		=	$46,093
	Rate		=	10% or 0.1
	Time		=	5 years
	Future Value		=	$46093*(1+0.1)^5
			=	$46093*(1.14)^5
			=	$46,093*1.6105
			=	$        74,232.78
	Amount after 5 years		=	$74,232.78
3)	Amount		=	$48,690
	Rate		=	14% or 0.14
	Time		=	39 years
	Future Value		=	$48,690*(1+0.14)^39
			=	$48690*(1.14)^39
			=	$48690*165.6503
			=	$ 8,065,513.11
	Amount after 39 years		=	$8,065,513.11
4)	Amount		=	$31,010
	Rate		=	11% or 0.11
	Time		=	21 years
	Future Value		=	$31,010*(1+0.11)^21
			=	$31,010*(1.14)^21
			=	$31,010*8.9484
			=	$      277,489.88
	Amount after 21 years		=	$277,489.88
5)	Amount		=	$73,748
	Rate		=	10% or 0.1
	Time		=	10 years
	Future Value		=	$73748*(1+0.10)^10
			=	$73748*(1.1)^10
			=	$73748*2.5939
			=	$      191,294.94
Amount available 10years			=	$191,294.94
	There may be little difference in answer due to decimal places,Please do not downvote on that basis.I have considered upto 4 decimal places
	Please upvote the answer.
	If you have anydoubt,Please ask in the comments