Find The Future Value Investment

Prob 9-1 Find the future value one year from now of a $7,000 investment at a 3 percent annual compound interest rate. Also calculate the futurevalue if the investment is made for two years.FV one yearFV two yearsSum of FV'sSOLUTION:Prob 9-2 Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent.a. What would be the future value if the interest rate is a simple interest rate?FV using simple interestb. What would be the future value if the interest rate is a compound interest rate?FV using compound interestProb 9-5 Find the present value of $7,000 to be received one year from now assuming a 3 percent annual discount interest rate. Also calculatethe present value if the $7,000 is received after two years.PV received one year from nowPV received two years from nowProb 9-10 Determine the present value now of an investment of $3,000 made one year from now and an additional $3,000 made two yearsfrom now if the annual discount rate is 4 percent.PV one year from nowPV two years from now3000*PVIFA(1.04,2yrs)Prob 9-20 Use a financial calculator or computer software program to answer the following questions.a. What is the present value of