Using Tables to Solve Future Value Problems

The following excercise should aid in using tables to solve future value problems. Please answer the questions below and proceed by clicking the Check My Answers button located at the bottom of the page.

1.	You invest $5,000 today. You will earn 8% interest. How much will you have in 4 years? (Pick the closest answer.)
			$6,802.50
			$6,843
			$3,675
2.	You have $450,000 to invest. If you think you can earn 7%, how much could you accumulate in 10 years? (Pick the closest answer.)
			$25,415
			$885,218
			$722,610
3.	If a commodity costs $500 now and inflation is expected to go up at the rate of 10% per year, how much will the commodity cost in 5 years?
			$805.25
			$3,052.55
			Cannot tell from this information

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