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Student: Date: Instructor Course: FIN-320-R2880 Principles of Finance 19EW2 Assignment: 5-2 MyFinanceLab Assignment Checkpoin

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Answer #1

The future value for 10 years at 9% is 2.3674 (Future value factors can be found from future value table)

Value of $4,900 at the end of 10 years at 9% compound interest is = $4,900 X 2.3674 = $11,600

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Student: Date: Instructor Course: FIN-320-R2880 Principles of Finance 19EW2 Assignment: 5-2 MyFinanceLab Assignment Checkpoint 5.2) (Future...
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