Question 1. Determine the future values if $5,000 is invested in each of the following situations:
A. 5 percent for ten years.
Future value=$5,000 x (+ 5
Question 2. Determine the annual payment in a 415,000, 12 percent business loan from a commercial bank is to be amortized over a five-year period.
PVA= PMT(PVIFA 10%4)
$415,000= PMT (3.605)