2.) Determine the future values if $5,000 is invested in each of the following situations:
a.) 5 percent for ten years

Begin with  $100 - - - > 5 percent for 1 year - - > 105
then with each $1 - - - > 105/100  =  1.05 after 1 year
Then for $5,000  it would be 5,000 * 1.05 after 1 year
and then  5,000 * 1.05 * 1.05 after 2 year

for 10 year investment

it would be 5,000 * (1.05)^10 = $8144.473 Ans