Discrete Functions - Finance
Interactive practice questions
What is the term for the amount of money that would need to be invested now to grow to a certain amount after a period of time?
The present value
A
The total value
B
The investment value
C
The future value
D
Easy
< 1min
William's investment of $\$2000$$2000 earns interest at a rate of $6%$6% p.a, compounded annually over $4$4 years.
What is the future value of the investment to the nearest cent?
Easy
1min
Christa's investment of $\$1000$$1000 earns interest at a rate of $2%$2% p.a., compounded semiannually over $3$3 years.
What is the future value of the investment to the nearest cent?
Easy
1min
A $\$8030$$8030 investment earns interest at $3%$3% p.a. compounded annually over $20$20 years. What is the future value of the investment to the nearest cent?
Easy
1min
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