Compound interest factors are provided below:

\begin{array}{c}\begin{array}{c}\underline{ 10 \%, n=20}\\6.728\\57.275\\0.149\\8.514\\9365 \end{array}\begin{array}{c}\underline{10 \%, n=10}\\2.594 \\15.937 \\0.386 \\6.145 \\6.759 \end{array}\begin{array}{c}\underline{5 \%, n=20}\\2.653\\33.067 \\0.377 \\12.462 \\13.089\end{array}\begin{array}{c}\underline{3 \%, n=10}\\1.629 \\12.578 \\0.614 \\7.722 \\8.108 \end{array}\begin{array}{lll}\\ \text {Future value of a single sum}\\ \text {Future value of an ordinaty annuity}\\ \text {Present value of a single sum }\\ \text {Present value of an ordinary annuity }\\ \text {Present value of an annuity due}\end{array}\end{array}

Required:
Using the above factors, answer each of the following questions.
a.How much will you have in 10 years if you invest $30,000 in an investment that earns 10% semiannually?
b.How much do you have to invest today to have $30,000 in 10 years if the investment earns 10% annually?
c.How much will you have in 10 years if you invest $15,000 at the end of each year in an investment earning 10% annually?
d.How much do you have to invest at the end of each year if you want to accumulate a total of $400,000 at the end of 10 years in an investment paying 10% semiannually?

The Formula for the Future Value of a Single Amount 1(1+i)n\frac { 1 } { ( 1 + i ) ^ { n } }(1+i)n1​

Multiple Choice

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The Formula for the Future Value of a Single Amount $\frac { 1 } { ( 1 + i ) ^ { n } }$

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