Using a Future Value table figure the net gain or loss of th

Using a Future Value table, figure the net gain (or loss) of the following investments:

a. $500 invested at 3 percent for 1 year

b. $100 invested at 7 percent for 7 years

c. $2,000 invested at 10 percent for 5 years

FV = $500 * ( 1 + 0.03 ) ^1 = $515

Net Gain = 515 -500 =$15

FV = $100 * ( 1 + 0.07 ) ^7 = $160.58

Net Gain = 160.58 -100 =$60.58

FV = $2000 * ( 1 + 0.1 ) ^5 = $3221.02

Net Gain = 3221.02 - 2000 =$1221.02