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compound and present value (if you can use the equation that would be awesome) thann...

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Finance

compound and present value (if you can use the equation that would be awesome) thann you! image
Problem #1. You invested $50,000 at 5.6% interest compounded quarterly for 1.5 years. Manually calculate the compound amount and compound interest of your investment. (Example 1 in Chapter 11 should be your guide for this problem.) Show your work. Problem #2. (a) Use the compound interest formula to calculate the compound amount of $43,250 invested at 9% interest compounded monthly for 10 years. (b) You want to accumulate the compound amount you calculated in part (a) 5 years from now, instead of 10. Use the present value formula to calculate how much your should invest now at the same interest rate of 9% compounded monthly. Show your work

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