Question - TIME VALUE OF MONEY Answer the following questions:
a. Assuming a rate of 10% annually, find the FV of $1,000 after 5 years.
b. What is the investment's FV at rates of 0%, 5%, and 20% after 0, 1, 2, 3, 4, and 5 years?
c. Find the PV of $1,000 due in 5 years if the discount rate is 10%.
d. What is the rate of return on a security that costs $1,000 and returns $2,000 after 5 years?