What is $1,000 invested today at 8% compounded monthly worth in 20 years? What is $1,000.00...

Question

Question

What is $1,000 invested today at 8% compounded monthly worth in 20 years?

What is $1,000.00 received every month for 5 years plus $5,000 received after all the other payments worth today if the interest rate is 8%

Please show work or how to do it on the calculator.

business finance

Answer 1

Answer #1

Answer 2

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