Question
Consider a time-0 amount of $10000. Calculate the future value of this $10000 in a. 5 years using an interest rate of 8% per year.
Consider a time-0 amount of
$10000.
Calculate the future value of this $10000 in
a. 5 years using an interest rate of 8% per year.
b. 10 years using an interest rate of 2% per year.
c. 3 years using an interest rate of 17% per year.
ANSWER: The future value of $10000 in 5 years using an interest rate of 8% per year is ____. [Round your answer to the nearest dollar.]
ANSWER: The future value of $10000 in 10 years using an interest rate rate of 2% per year is ____. [Round your answer to the nearest dollar.]c.
ANSWER: The future value of $10000 in 3 years using a rate of 17% per year is ____.
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Financial Management Principles And Applications
Authors: Sheridan Titman, John Martin
14th Global Edition
1292349824, 978-1292349824
