value: 20.00 points

Exercise 6-2 Future value; single amounts [LO6-2]

Determine the future value of $10,000 under each of the following sets of assumptions (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.):

	Annual Rate	Period Invested	Interest Compounded	i =	n =	Present Value	Future Value
1.	10%	10 years	Semiannually			$10,000
2.	12%	5 years	Quarterly			$10,000
3.	24%	30 months	Monthly			$10,000