Question

Calculate the future value of the following single amounts. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.)

Future Value Initial Investment 1. $ 8,000 6,000 | 3. 9,000 Annual Rate 10 % 12 % 8% Interest Period Compounded Invested Annually 7 years Semiannually 4 years Quarterly 3 years

Answer 1

calculate future value

	Initial investment	Annual rate	Interest compounded	Period invested	Future value
1.	8000	10%	Annually	7 years	(8000*1.94872) = 15589.76
2.	6000	12%	Semiannually	4 year	(6000*1.59385) = 9563.10
5	9000	8%	Quarterly	3 years	(9000*1.26824) = 11414.16