A government has only 10,000 dollars to invest in open space. It can invest now or...

A government has only 10,000 dollars to invest in open space. It can invest now or wait five years and invest in the park after planning is finished. The planning cost was spent 5 years ago and cost 5,000 dollars. a. If the government waits to invest, how much money will it be able to spend in five years if the interest rate is 6%?

b. How much will it be able to spend in 5 years, with 10% interest rate?

c. How much will it be able to spend in 10 years, with 6% interest rate?

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jeff jeffy answered 1 year ago

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