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1. What is the approximate future value of $1,000 invested at the end of each...

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Finance

1. What is the approximate future value of $1,000 invested at the end of each quarter for 10 years if money earns 9 percent compounded quarterly? Group of answer choices

a. $40,000.00

b. $11,203.40

c. $63,786.18

d. $2,435.19

2. How much do you have to deposit in an account today to achieve a value of $2,000,000 in five years if the annual interest rate is 12%, compounded monthly? Group of answer choices

a. $7,209,600

b. $1,100,800

c. $2,200

d. $550,400

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