Question
Future Value Computations Using the future values tables, solve the following: (Click here to access the time value of money tables to use with this
Future Value Computations Using the future values tables, solve the following: (Click here to access the time value of money tables to use with this problem.) Round your answers to two decimal places. Required: What is the future value on December 31, 2025, of 10 cash flows of $20,000 with the first cash payment made on December 31, 2016, and interest at 10% being compounded annually? $ What is the future value on June 30, 2026, of 20 cash flows of $15,000 with the first cash payment made on December 31, 2016, and the annual interest rate of 10% being compounded semiannually? $ What is the future value on December 31, 2026, of 20 cash flows of $15,000 with the first cash payment made on December 31, 2016, and the annual interest rate of 10% being compounded semiannually?
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