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1 Compute the future value of $10,000 at an interest rate of 5 percent 15, 20, and 30 years into the future. What would the

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1 Compute the future value of $10,000 at an interest rate of 5 percent 15, 20, and 30 years into the future. What would the future value be over these time horizons if the interest rate were 3 percent? Instructions: Enter your responses rounded to the nearest penny (two decimal places). Do not round intermediate calculations. At an interest rate of 5 percent: 48 Future value in 15 years = $ Future value in 20 years = $ Future value in 30 years = $ At an interest rate of 3 percent: Future value in 15 years $ Future value in 20 years $ Future value in 30 years = $ The patterns over different time horizons and at different interest rates show that as the time horizon lengthens, the future value (Click to select). As the interest rate declines, the future value (Click to select)

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