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Determine the future value of $30,000 under each of the following sets of assumptions: (Use FV of $1) (Round FV Factors to 5 decimal places
Determine the future value of $30,000 under each of the following sets of assumptions: (Use FV of $1) (Round "FV Factors" to 5 decimal places and final answers to the nearest dollar amount.) |
Annual Rate | Period Invested | Interest Compounded | Future Value | |||||
1. | 8 | % | 20 | years | Semiannually | $ | ||
2. | 16 | 10 | years | Quarterly | $ | |||
3. | 12 | 20 | months | Monthly | $ |
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