# 1) What is the future value of $1,000 kstorm626 2022-02-13 1) What is the future value of$1,000 in 1 year at 6% interest rate if interest is simple? Compounded monthly? 2) What is the future value of $1,000 in 2 years at a 6% interest rate if interest is compounded annually? Quarterly (i.e., 4 times a year)? 3) You are offered 100,000 in 5 years or 75,000 now in exchange for inventory you are selling. Based on the risk of the buyer and expected inflation, you assume an interest rate of 7% (assume compounded annually). Which offer should you take? 4) •How much would I have to invest today to have$1,000,000 in 10 years assuming 7 percent interest compounded annually? •NOTE: This is the same as asking what the present value of 1,000,000 in 10 years at 7 percent interest compounded annually
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