Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Knowledge Check 01 Periods 0 1% 1.0000 1.0100 1.0201 1.0303 1.0406 1.0510 1.0615 2 3 4 5 6 2% 1.0000 1.0200 1.0404 1.0612 1.0824 1.1041

Knowledge Check 01 Periods 0 1% 1.0000 1.0100 1.0201 1.0303 1.0406 1.0510 1.0615 2 3 4 5 6 2% 1.0000 1.0200 1.0404 1.0612 1.0824 1.1041 1.1262 $120,000 O $146,004 $139,116 O $138,912 3% 1.0000 1.0300 1.0609 1.0927 1.1255 1.1593 1.1941 4% 1.0000 1.0400 1.0816 1.1249 1.1699 1.2167 1.2653 5% 1.0000 1.0500 1.1025 1.1576 1.2155 1.2763 1.3401 Use this partial future value of 1 table to determine the future value of $120,000 assuming an interest rate of 3 percent and 5 periods.
image text in transcribed
image text in transcribed
Knowledge Check 01 Use this partial future value of 1 table to determine the future value of $120,000 assuming an interest rate of 3 percent and 5 periods. \begin{tabular}{|c|} \hline$120.000 \\ \hline$146.004 \\ \hline$139.116 \\ \hline$138,912 \\ \hline \end{tabular} Knowledge Check 01 Use this partial future value of 1 table to determine the future value of $120.000 assuming an interest rate of 3 percent and 5 periods. $120,000$146,004$139,116$138,912

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions