Question

Determine the future value of the following single amounts (Round factors to 5 decimal places and final answers to the nearest dollar amount) Interest Rat No. of Period Invested Amoun $25.000 $14,000 $20,000 $48.000 Invested Amoun Interest Rat No. of Period FV of facto Future Valu $25.000 $14,000 3 $20,000 - 4 $48,000 TABLE 1 Future Value of $1 MILON 2012 2013 S. 1 101000 1000 10000 10000 10000 10000 100 100 100 1 0 0 100 100 2 1201002 1000 100 1 20 100 110 111 12 1 1011 1 10 1102 111 110 101 102 1 4 100 101 121 122 123 122 1 1 5 10510 72 108 113141 LIS) 1 125 126 127529 1 6 23 11 2720 1 1024 128 . 10 ON 100 110 10 10 14 11 12 1 1 1 1 10 10 11 11 112 11 1 1 1 1 1 1 2 212 215 2 2 0 2 11 LIIS LIT 1 200 NS 125 100 100 100 200 201 2020 12 11 10 15110 LA LUNA 11 20 21 2 2 11 1 120 121 1 72201 2027 2028 29 30 14 ISO 1261 112 113 114 11 1 2 2 3 1 15 1. 1212 13 14 15 16 1 8 20 221 2 22 2727 1728 16 112 113 114 1100 17 11 12 1.40004 1.521621455 W 19 20 21 2 2 2 17 2.11 2.3GP 2440 2.4277 11 27001 4 700020 500

Answer 1

Future Value is present value of cash flow plus any interest that is due.

We will use factor of $1 to find Future value of cash flow.

year	invested amount	Interest rate	no of periods	FV of $1	Future Value
1	$25,000	4%	14	1.73168 (1+0.04)^14	$43,292($25,000*1.73168)
2	$14,000	7%	15	2.75903 (1+0.07)^15	$38626.42($14,000*2.75903)
3	$20,000	8%	16	3.42594 (1+0.08)^16	$68,518.9 ($20,000*3.42594)
4	$48,000	2%	10	1.218994 (1+0.02)^10	$58,511.712 ($48,000*1.218994)

you can find factor value from table

n/i

n = number of period

i = interest rate