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Future Value and Compound Interest Using the future value tables, solve the following: (Click here to access the PV and FV tables to use with
Future Value and Compound Interest Using the future value tables, solve the following: (Click here to access the PV and FV tables to use with this problem.) Round your answers to two decimal places. Required: 1. What is the value on January 1, 2026, of $40,000 deposited on January 1, 2019, which accumulates interest at 12% compounded annually? $ 88,427.2 X 2. What is the value on January 1, 2025, of $10,000 deposited on July 1, 2019, which accumulates interest at 16% compounded quarterly? $ 23,699.19 3. What is the compound interest on an investment of $6,000 left on deposit for 5 years at 10% compounded annually? 3,663.06 $
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