Calculate the value of each investment at the end of three years
18. Assume you make the following investments:
Requirement
Calculate the value of each investment at the end of three years.
Hint
18)a) Investment value = $7250 Maturity = 3 yearsInterest rate = 12%Value of investment at the end of 3 years = 7250*(1+0.12)^3 = 7250*1.4049 = 10185.52...