Please help with my construction manegment hw question. QUESTION 17 You invest $

Question

Please help with my construction manegment hw question.

QUESTION 17 You invest $10,000 today at a periodic interest rate of 2% compounded monthly. What is the future value of your investment ten years from now? A. $12,190 B. $107,652 ) C. $18,194 D. $33,004 QUESTION 18 You are going to make sixty $250 monthly payments for your investment using a periodic interest rate of 0.4% compounded monthly. What is the value of your investment after five years from now? A. $1,260 B. $1,376 OC. $16,915 D.$81,563

Explanation / Answer

17)

future value=10000*(1+2%)^(10*12)

=107,652

18)

value of investment after five years=250*(((1+0.4%)^60-1)/0.4%)=16915

the above is answer..

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