Two years ago you deposited $5000 to open an investment account. One year ago you added $6000 to the account and today you are adding $7000.
Assuming no withdrawals and all deposits earn 4% annual interest, how much will you have in this account three years from now
If you require an 8% rate of return what's the maximum amount you should be willing to invest now to receive $80 annually for the next 5 years plus $1000 at the end of those 5 years. Use table factors and verify your answer with the Excel fx.