(Answered) 1 how much will 20000 invested today at 3 interest be worth

Finance

1. How much will $20,000 invested today at 3% interest be worth in 5 years if it is compounded Annually?Monthly?

2. If we receive $5,000 eight years from now, how much is that equivalent to today, if we believe that we can earn 5% on other opportunities?

3. If you have $8,500 today, and you could earn 3% interest per year, how many years would it be before you would accumulate $10,000 (assume annual compounding)?

4. How much must you put into a 5% investment annually to have $75,000 eight years from now? Assume all payments are made the end of each period.

5. If you could put $5,000 into a 6% investment at the end of each year, how much money could you take out at the end of 7 years?

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