Question
Solve the following exercises: Calculation #1. You make a single deposit of $100 today. It will remain invested for 4 years at 8% per year
Solve the following exercises:
Calculation #1.
You make a single deposit of $100 today. It will remain invested for 4 years at 8% per year compounded annually. What will be the future value of your single deposit at the end of 4 years?
Calculation #2.
Paul makes a single deposit today of $200. The deposit will be invested for 3 years at an interest rate of 10% per year compounded semiannually. What will be the future value of Paul's account at the end of 3 years?
Calculation #3.
Sheila invests a single amount of $300 today in an account that will pay her 8% per year compounded quarterly. Compute the future value of Sheila's account at the end of 2 years.
Calculation #4.
You invest $400 today in an account that earns interest at a rate of 12% per year compounded monthly. What will be the future value at the end of 2 years?
Solve the following exercises:
Calculation #1.
You make a single deposit of $100 today. It will remain invested for 4 years at 8% per year compounded annually. What will be the future value of your single deposit at the end of 4 years?
Calculation #2.
Paul makes a single deposit today of $200. The deposit will be invested for 3 years at an interest rate of 10% per year compounded semiannually. What will be the future value of Paul's account at the end of 3 years?
Calculation #3.
Sheila invests a single amount of $300 today in an account that will pay her 8% per year compounded quarterly. Compute the future value of Sheila's account at the end of 2 years.
Calculation #4.
You invest $400 today in an account that earns interest at a rate of 12% per year compounded monthly. What will be the future value at the end of 2 years?
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