Fv of balance in year 8 | $9,957.97 |
Workings
Balance | ||
3200 | FV of 3200 at year 3 | $3,456.00 |
7400 | FV of balance in year 5 | $8,929.96 |
6375 | Fv of balance in year 8 | $9,957.97 |
Given an interest rate of 8 percent, compute the year 8 future value if deposits of...
Problem 5-43 Future Value (LG5-1) Given an interest rate of 8 percent, compute the year 7 future value if deposits of $1,900 and $2,900 are made in years 1 and 3, respectively, and a withdrawal of $925 is made in year 4. (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Future value
Given an interest rate of 9 percent, compute the year 6 future value if deposits of $3,000 and $4,000 are made in years 2 and 3, respectively, and a withdrawal of $975 is made in year 5. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Find Value in year 12:
Given an interest rate of 9 percent, compute the year 6 future value if deposits of $3,000 and $4,000 are made in years 2 and 3, respectively, and a withdrawal of $975 is made in year 5. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Find Future Value Please answer correctly. Thank you!
Given a 6 percent interest rate, compute the year 8 future value of deposits made at the end of years 2, 3, and 5 of $1,931, $1,202, and $1,704, respectively. (Do not round intermediate calculations and round your final answer to the nearest dollar.)
6 Given a 3 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1700, 1900, 51.900, and $2,200, respectively. (Do not round intermediate calculations and round your final answer to 2 decimal places.) 10 points eBook Hint Print References
Check my work 8 Given a 5 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1,350, $1,550, $1,550, and $1,850, respectively. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
given an interest rate of 10 percent, compute the year 7 future value if deposits of $2800 and $3800 are made in years 2 and 3 respectively and a withdrawal of $925 is made is year 5
Glven a 5 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1,500, $1,700, $1,700, and $2,000, respectively. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value
Problem 5-1 Future Value (LG5-1) Compute the future value in year 7 of a $2,200 deposit in year 1, and another $1700 deposit at the end of year 4 using a 8 percent interest rate (Do not round intermediate calculations and round your final answer to 2 decimal places.) Problem 4 and 5-6 Present Value and Annuity Payments A local furniture store is advertising a deal in which you buy a $4,200 living room set with three years before you need to make...
Given a 5 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1,500, $1,700, $1,700, and $2,000, respectively.