Question

I need help answering questions 9-1 thru 9-7. Step by step would be very appreciated.

Problems 9-1 If you invest $500 today in an account that pays 6 percent interest compounded nnually, how much will be in your account after two years? What is the present value of an investment that promises to pay you $1,000 in five years if you can earn 6 percent interest compounded annually? 9-2 9-3 What is the present value of $1,552.90 due in 10 years at (1) a 12 percent 9-4 To the closest year, how long will it take a $200 investment to double if it earns 9-5 Which amount is worth more at 14 percent: $1,000 in hand today or $2,000 due 9-6 9- discount rate and (2) a 6 percent rate? 7 percent interest? How long will it take if the investment earns 18 percent? in six years? Martell Corporation's 2015 sales were $12 million. Sales were $6 million five years earlier. To the nearest percentage point, at what rate have sales grown 7Find the future value of the following ordinary annuities: $400 per year for 10 years at 10 percent $200 per year for five years at 5 percent b.

Answer 1