Mathematics - Other
Calculate the compound interest for the following:
$10,000 invested for 10 years at 10% compounded annually
$4,000 invested for 7 years at 8% compounded annually
Calculate the present value for the following:
$400 to be received 10 years from now discounted back to the present at 10%
$600 to be received 5 years from now discounted back to the present at 5%
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(1) P = 10000, r = 10% = 0.10, t = 10
A = P(1 + r)^t
A = 10000(1 + 0.10)^10 = $25937.42
CI = A - ...
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