10. What will be the amount accumulated by each of the following present
investments?
a. $5,000 in 8 years at 13% compounded annually. Answer: $13,290
b. $1,500 in 15 years at 15% compounded annually.
c. $20,000 in 38 years at 16% compounded annually.
d. $3,500 in 70 years at 9% compounded annually.
e. $5,500 in 35 years at 10.5% compounded annually.