How much must you invest at

8% interest in order to see your investment grow to $8,000 in 10 years?

The concept of time value

of money is important to financial decision making because

In determining the future

value of a single amount, one measures 

If you invest $10,000 at

10% interest, how much will you have in 10 years?

Under what conditions must

a distinction be made between money to be received today and money to be

received in the future? 

To save for her newborn son's college education, Lea Wilson

will invest $1,000 at the beginning of each year for the next 18 years. The

interest rate is 12 percent. What is the future value? 

 If we wish to accumulate $8,000 by the end of 4 years, how

much should the annual payments be? Assume 10% interest

 If you invest $10,000 at 10% interest, how much will you

have in 10 years? 

How much must you invest at

8% interest in order to see your investment grow to $8,000 in 10 years? 

Mr. Blochirt is creating a college investment fund for his

daughter. He will put in $1,000 per year for the next 15 years and expects to

earn a 6% annual rate of return. How much money will his daughter have when she

starts college?