An investor places $2,000 in a mutual fund that historically has

Future Value                                                                                                                                      

12. An investor places $2,000 in a mutual fund that historically has earned 7% and leaves it in for 20 years.  Calculate the future value.

13. An investor buys $10,000 worth of stock that historically has earned 8% and holds it for 30 years.  Calculate the future value.

14. An investor places $5,000 in a mutual fund that historically has earned 9% for 15 years.   Calculate the future value

15. An investor buys $100,000 worth of stock that historically has earned 10% and holds it for 25 years.  Calculate the future value.

16. An investor buys $25,000 worth of stock that historically has earned 6% and holds it for 20 years.  Calculate the future value.

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