Question
For each of the following, compute the future value (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round your
| For each of the following, compute the future value (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16)): |
| Present Value | Years | Interest Rate | Future Value | |||||||||||
| $ | 2,300 | 8 | 19 | % | $ | |||||||||
| 10,153 | 21 | 5 | $ | |||||||||||
| 106,305 | 15 | 12 | $ | |||||||||||
| 244,382 | 31 | 4 | $ | |||||||||||
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Financial Economics
Authors: Zvi Bodie, Robert C Merton, David Cleeton
2nd Edition
0558785751, 9780558785758
