question 8

Compute the future value of a $100 investment for the following combinations of rates and times.

r = 7.6%, t = 15 years

r = 7.6%, t = 25 years

r = 5.6%, t = 15 years

r = 5.6%, t = 25 years

(For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.)

a. future value->

b. future value->

c. future value->

d. future value->