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Your naghsar passied aa and left I 2000 oN deide to inuest he nextdoor non ey Since for the neyt as years at which hme, u wil
$150 A BOAD poes pay ths. The amel res in 12 man rare is 5% awally. wet is he onds price eag Money
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Answer #1

1.

Future value=Present Value*(1+rate)^t=20000*1.07^25=108548.6528

Yes enough money will be there

2.

Present Value=Future Value/(1+rate)^t=150/1.05=142.8571429

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