Question
Use Table FA1 (in Exhibit B-2) and Table FA2 (in Exhibit B-4). (Round FV factor to 3 decimal places.) a. Determine the future amount if
Use Table FA1 (in Exhibit B-2) and Table FA2 (in Exhibit B-4). (Round FV factor to 3 decimal places.) |
a. | Determine the future amount if $50,000 is invested today for 10 years, at 6 percent interest, compounded annually. |
b. | Determine the future amount if $240,000 is to be received 5 years from today, at 10 percent annual interest. |
c. | Determine the future amount if $20,000 is invested in a fund at the end of each of the next 10 years, at 8 percent interest, compounded annually. |
d. | Determine the future amount if $80,000 is invested today, plus $6,000 is invested annually at the end of each of the next 3 years, at 12 percent interest, compounded annually. |
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