__Future Value__** **

12. An investor places $2,000 in a mutual fund that historically has earned 7% and leaves it in for 20 years. Calculate the **future value**.

13. An investor buys $10,000 worth of stock that historically has earned 8% and holds it for 30 years. Calculate the **future value**.

14. An investor places $5,000 in a mutual fund that historically has earned 9% for 15 years. Calculate the **future value**

15. An investor buys $100,000 worth of stock that historically has earned 10% and holds it for 25 years. Calculate the **future value**.

16. An investor buys $25,000 worth of stock that historically has earned 6% and holds it for 20 years. Calculate the **future value**.