What is the future value of $2,944 invested for 9 years at 6.00 percent compounded annually?

One year ago, you invested $3,140. Today it is worth $3,700.50. What rate of interest did you earn?

Some time ago, Julie purchased eleven acres of land costing $15,190. Today, that land is valued at $59,547. How long has she owned this land if the price of the land has been increasing at 5 percent per year?

First City Bank pays 8 percent simple interest on its savings account balances, whereas Second City Bank pays 8 percent interest compounded annually.
If you made a $61,000 deposit in each bank, how much more money would you earn from your Second City Bank account at the end of 8 years
Compute the future value of $1,000 compounded annually for 20 years at 6 percent. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
  Future value$
b.Compute the future value of $1,000 compounded annually for 15 years at 9 percent. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
  Future value$
c.Compute the future value of $1,000 compounded annually for 25 years at 6 percent. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
  Future value$
For each of the following, compute the present value (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.):
Present ValueYears Interest RateFuture value
$12 6% $15,951 
 3 12   56,557 
 28 13   891,073 
 30 10   555,164

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