Use the time value of money tables in Exhibit 1 8 to calculate the following a The future value of $100 at 7 percent in 10 years b The future value of $100 a year for 6 years earning 6 percent c The present value of $500 received in 8 years with an interest rate of 8 percent ...

Use the time value of money tables in Exhibit 1 8 to calculate the following: a. The

Question:

Use the time value of money tables in Exhibit 1 8 to calculate the following:
a. The of $100 at 7 percent in 10 years.
b. The of $100 a year for 6 years earning 6 percent.
c. The present value of $500 received in 8 years with an interest rate of 8 percent.
Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...