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Capstone CheckPoint Chrissy Weeks FIN/200 Richard Webb March 23, 2012 a. If you invest $9,000 today, how much will you have in? 3 years @ 7% FV = 9,000; rate = 7%; N = 3 years; PV =? PV = FV x PVIF 8%, 1 year = 9,000 x 1.449 = $13,041 8 years @ 10% FV = 9,000; rate = 10%; N = 8 years; PV =? PV = FV x PVIF 8%, 1 year = 9,000 x 2.5937 = $23,343.30 30 years @ 15% FV = 9,000; rate = 15%; N = 30 years; PV =? PV = FV x PVIF 8%, 1 year = 9,000 x 66.2118 = $595,906.20 20 years @ 20% compounded semi-annually... View Full Document

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