1. Calculating Future Value:

For each of the following, calculate the future value:

Present Value

Years

Interest Rate

Future Value

$570

15

9%

$8922

9

18%

$61,133

3

12%

$$219,850

10

7%

2.

Calculating Future Value:

Find the Future Value to which Tk. 5000 will grow under each of the

following conditions:

a.

12 percent compounded annually for five years.

b.

12 percent compounded semiannually for five years.

c.

12 percent compounded quarterly for five years.

d.

12 percent compounded monthly for five years.

2. Calculating Interest Rates:

Assume the total cost of BBA Program in Ease West University will be Tk.

650,000 after 8 years from now. You presently have Tk. 50,000 to invest. What rate of interest must

you earn on your investment to cover the cost of BBA Program under East West University?