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Problem B.1 (Static) Using Future Amount Tables (LOB-1, LOB-2, LOB-4) Use Table FA-1 and Table FA-2 to determine the future amounts of the following investments.
Problem B.1 (Static) Using Future Amount Tables (LOB-1, LOB-2, LOB-4) Use Table FA-1 and Table FA-2 to determine the future amounts of the following investments. (Round FV factor to 3 decimal places.) Future Value a. $ 161,190 b. $ 186,219 $90,000 invested for 10 years, at 6 percent interest, compounded annually. $300,000 to be received five years from today, at 10 percent annual interest. $50,000 invested in a fund at the end of each of the next 10 years, at 8 percent interest, compounded annually. $60,000 invested initially, plus $8,000 invested annually at the end of each of the next three years, at 12 percent interest, compounded annually. c. $ 724,350 d. $ 84,300 X
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