Solve the Following Two Cases (The Cases Are Independent)

question 135

Essay

Solve the following two cases (the cases are independent).
1. If you invest $4,000 today at 10% interest, what is the value of the investment at the end of 5 years?
2. If you invest $1,000 at the end of each of the next 5 years and the investment earns 10% interest, what is the value of the investment at the end of 5 years?

---

Definitions:

Security Agreement

A legal document that secures an interest in collateral for a lender in a secured transaction.

Describe

To give a detailed account or explanation of something.

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to meet repayment terms.

Public Notice

An official announcement issued to the public through various media outlets to inform about legal proceedings, government actions, or other significant matters.