a Your company invests $16,750 at a nominal rate of 6 44 , the interest rate compounds quarterly i How much is this investment worth in 5 years, 10 years and 15 years Future Value Part A Present Value 16,750 Number of Periods 5 Years 10 Years 15 Years interest rate 6 44 5 Year Future Value $58,359 58 10 Year Future Value $203,333 74 15 Year Future Value $708,446 02

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a. Your company invests $16,750 at a nominal rate of 6.44%, the interest rate compounds quarterly. i. How much is this investment worth in 5

a. Your company invests $16,750 at a nominal rate of 6.44%, the interest rate compounds quarterly.

i. How much is this investment worth in 5 years, 10 years and 15 years?

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Future Value Part A Present Value 16,750 Number of Periods 5 Years 10 Years 15 Years interest rate 6.44% 5 Year Future Value $58,359.58 10 Year Future Value $203,333.74 15 Year Future Value $708,446.02

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