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Compute the future value of a $185 cash flow for the following combinations of rates and times. (Do not round intermediate calculations. Round your answers
Compute the future value of a $185 cash flow for the following combinations of rates and times. (Do not round intermediate calculations. Round your answers to 2 decimal places.) a. r=8%; t= 10 years Future value b. r= 8%; t= 20 years Future value c. r = 4%; t = 10 years Future value d. r= 4%; t= 20 years Future value If you earn 9% per year on your bank account, how long will it take an account with $100 to double to $200? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Number of years Your wealthy uncle established a bank account with $1,500 for you when you were born. For the first 9 years of your life, the interest rate earned on the account was 4%. Since then, rates have been only 2%. Now you are 23 years old and ready to cash in. How much is in your account? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Amount
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