Compound Interest Factors Are Provided Below Required:
Using the Above Factors, Answer Each of the Following

question 102

Essay

Compound interest factors are provided below: $\begin{array}{c}\begin{array}{c}\underline{ 10 \%, n=20}\\6.728\\57.275\\0.149\\8.514\\9365 \end{array}\begin{array}{c}\underline{10 \%, n=10}\\2.594 \\15.937 \\0.386 \\6.145 \\6.759 \end{array}\begin{array}{c}\underline{5 \%, n=20}\\2.653\\33.067 \\0.377 \\12.462 \\13.089\end{array}\begin{array}{c}\underline{3 \%, n=10}\\1.629 \\12.578 \\0.614 \\7.722 \\8.108 \end{array}\begin{array}{lll}\\ \text {Future value of a single sum}\\ \text {Future value of an ordinaty annuity}\\ \text {Present value of a single sum }\\ \text {Present value of an ordinary annuity }\\ \text {Present value of an annuity due}\end{array}\end{array}$

Required:
Using the above factors, answer each of the following questions.
a.How much will you have in 10 years if you invest $30,000 in an investment that earns 10% semiannually?
b.How much do you have to invest today to have $30,000 in 10 years if the investment earns 10% annually?
c.How much will you have in 10 years if you invest $15,000 at the end of each year in an investment earning 10% annually?
d.How much do you have to invest at the end of each year if you want to accumulate a total of $400,000 at the end of 10 years in an investment paying 10% semiannually?

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Definitions:

Subsistence Agriculture

Subsistence Agriculture is a type of farming in which the farmers focus on growing enough food to feed themselves and their families, with little to no surplus for trade.

Agricultural Diversification

The practice of growing a variety of crops or engaging in different agricultural activities to reduce risk and increase sustainability in farming.

Crop-Lien System

A credit system widely used in the Southern United States after the Civil War, where farmers used their crops as collateral for loans, leading to cycles of debt and poverty.

Southern Farmers

Generally refers to agricultural workers and landowners in the Southern United States, historically dependent on crops like cotton and tobacco, and deeply affected by the Civil War and subsequent economic changes.