Find the future value of (1) a single payment of $40,000 at 7 percent for ten years,

Question:

Find the of (1) a single payment of $40,000 at 7 percent for ten years,
(2) Ten annual payments of $4,000 at 7 percent,
(3) A single payment of $12,000 at 9 percent for seven years, and
(4) Seven annual payments of $12,000 at 9 percent?
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...