FUTURE VALUES. Using the appropriate tables in the text, determine: a) The future value of a single
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FUTURE VALUES. Using the appropriate tables in the text, determine:
a) The future value of a single deposit of $15,000 that earns compound interest for 4 years at an interest rate of 10% per year.
b) The annual interest rate that will produce a future value of $13,416.80 in 6 years from a single deposit of $8,000.
c) The size of annual cash flows for an annuity of nine cash flows that will produce a future value of $79,428.10 at an interest rate of 9% per year.
d) The number of periods required to produce a future value of $17,755.50 from an initial deposit of $7,500 if the annual interest rate is 9%.
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