Question: 1. What sum invested now will be worth £500 in 3 years' time if it earns interest at 12%?
2. Do you need to invest more than £10,000 now if you wish to have £65,000 in 15 years' time and you have a deposit account which guarantees 14%?
3. You need to have £7,500 on 1 January next year. How much do you need to invest at 1.3% per month if your investment is made on 1 June?