Your Uncle put money in an account 5 years ago, today you received $100,000. What is the present value (at the time of the accident) of the payment? Assume interest rates are 9%.
A. a. $53,900
B. b. $ 68,100
C. c. $ 65,000
D. d. $ 70,800
You invest a single amount of $12,000 for 5 years at 10 percent. At the end of 5 years you take the proceeds and invest them for 12 years at 15 percent. How much will you have after 17 years?
A. $104,582
B. $96,763
C. $130,225
D. $10,458