Compute the future value (rounded to the nearest dollar) of the following investments: 1. $15,842 invested to

Question:

Compute the future value (rounded to the nearest dollar) of the following investments:

1. $15,842 invested to earn interest at 6% compounded annually for 4 years.

2. $30,920 invested to earn interest at 4% compounded semiannually for 6½ years.

3. $6,846 invested to earn interest at 16% compounded quarterly for 5 years.

4. $959 invested to earn interest at 10% compounded semiannually for 25 years.

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...