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Use Table FA-1 (page B-3) and Table FA-2 (page B-5) to determine the future amounts for the following investments: 1.$60,000 is invested for 10 years,
Use Table FA-1 (page B-3) and Table FA-2 (page B-5) to determine the future amounts for
the following investments:
1.$60,000 is invested for 10 years, at 6%, compounded annually.
2.$240,000 is to be received five years from today, at 10% annual interest.
3.$20,000 is invested in a fund at the end of each of the next 10 years, at 8% interest, compounded annually
4.$80,000 is invested initially, plus $6,000 is invested annually at the end of each of the next three years, at 12% interest, compounded annually.
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