a.Use the future value formula,

FV equals PV times left parenthesis 1 plus r right parenthesis Superscript nFV=PV(1+r)n.

b.Use the TVM keys from a calculator.

c.Use the TVM function in a spreadsheet.

Present Value	Interest Rate	Number of Periods	Future Value
$328.00328.00	4.54.5%	33	?
$16 comma 298.0016,298.00	77%	3434	?
$35 comma 127.0035,127.00	1111%	2323	?
$26 comma 233.0026,233.00	1616%	1111	?

Present Value	Interest Rate	Number of Periods	Future Value
$328.00328.00	4.54.5%	33	$nothing (Round to the nearest cent.)

$16 comma 298.0016,298.00

77%

3434

$nothing (Round to the nearest cent.)

$35 comma 127.0035,127.00

1111%

2323

$nothing (Round to the nearest cent.)

$26 comma 233.0026,233.00

1616%

1111

$nothing (Round to the nearest cent.)