Using the future value tables, solve the following: Required 1. What is the future value on December
Question:
Using the future value tables, solve the following:
Required
1. What is the future value on December 31, 2011 of a deposit of $35,000 made on December 31, 2007 assuming interest of 10% compounded annually?
2. What is the future value on December 31, 2011 of a deposit of $10,000 made on December 31, 2007 assuming interest of 16% compounded quarterly?
3. What is the future value on December 31, 2011 of a deposit of $25,000 made on December 31, 2007 assuming interest of 12% compounded semiannually?
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...
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1 f p f 35000 f 35000 1464100 f 51243...View the full answer
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Related Book For 
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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