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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