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Problem 4-2 Calculating Future Values [LO 1] For each of the following, compute the future value (Enter rounded answers as directed, but do not use
Problem 4-2 Calculating Future Values [LO 1]
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 | |||||||||||
$ | 2,900 | 6 | 19 | % | $ | |||||||||
8,953 | 19 | 7 | $ | |||||||||||
94,305 | 13 | 12 | $ | |||||||||||
232,382 | 29 | 4 | $ | |||||||||||
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