Compute the future value of the following: a. $100 invested for 5 years at 4% compounded annually
Question:
a. $100 invested for 5 years at 4% compounded annually
b. $500 invested for 15 periods at 2% compounded once per period
c. $200 invested for 8 years at 3% compounded semiannually
d. $1500 invested for 14 years at 8% compounded quarterly
e. $600 invested for 3 years at 12% compounded monthly
Required:
Calculations of present and future value (or single payments and for annuities, to make the exercises more realistic, we do not give specific guidance with each individual exercise.
Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...
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Step by Step Answer:
a 100 X 121665 12167 b 500 X ...View the full answer
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Related Book For 
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
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