Future value is calculated using the FV function:
=FV(rate,nper,pmt,pv)
=FV(12%/4,5*4,0,-4000)
=7224.44
Interest =FV-Principal =3224.44
Complete the following using the future value formula or financial calculator (Do not round intermediate calculations....
Complete the following using the future value formula or financial calculator (Do not round intermediate calculations. Round your final answers to the nearest cent.) Amount Interest Time 5 years Principal $ 4,000 Rate Compounded 12 % Quarterly
Complete the following using the future value formula or financial calculator. (Do not round intermediate calculations. Round your final answers to the nearest cent.) Amount interest Time 7 years Principal $ 2,400 Rate Compounded 12 % Quarterly
Complete the following using the future value formula or financial calculator. (Do not round intermediate calculations. Round your final answers to the nearest cent.) Amount Interest Time 12 years Principal $ 16,700 Rate Compounded 1.5% Annually
Complete the following using the present value formula or financial calculator. (Do not round intermediate calculations. Round the "Periodic rate" to the nearest tenth percent. Round your final answer to the nearest cent.) Amount desired at end of period 7.400 Length of time Rate Compounded Period used Periodic rate PV of amount desired at end of period years 4 Semiannually
Complete the following using the present value formula or financial calculator (Do not round intermediate calculations. Round the "Periodic rate" to the nearest tenth percent. Round your final answer to the nearest cent.) Periodic Rate Compounded Amount desired at Length of time end of period 7,100 9 years Period used PV of amount desired at end of period rate 2 % Semiannually
Complete the following using the present value formula or financial calculator. (Do not round intermediate calculations. Round the "Periodic rete" to the nearest tenth percent. Round your final answer to the nearest cent.) Amount desired at end of period Length of time PV of amount desired at end of period Period Periodic rate Rate Compounded used 1 7009 years 3 % Semiannually %
ak: Chapter 19 Saved Complete the following using the future value formula or financial calculator. (Do not round int final answers to the nearest cent.) Amount Interest Time Principal $ 17200 Rate Compounded 2% Annually 11 years Prev 1 of 13 Ne * a Search ACKARD
Find the future value. (Use the Table provided.) (Do not round intermediate calculations. Round the "FV factor" to 4 decimal places and final answer to the nearest cent.) Present value Length of time Rate Compounded On FV Table 12.1 FV factor used Future value Period used Rate used $11,965.44 4 years 12% Quarterly 16 3% $
Find the future value, using the future value formula and a calculator. (Round your answer to the nearest cent.) $119,700 at 5.5% compounded continuously for 30 years $
Use Table 12-1 to calculate the future value of the following annuity due. Round your answer to the nearest cent. Click here for Table 12-1 Annuity Payment Payment Frequency Time Period (years) Nominal Rate (%) Interest Compounded Future Value of the Annuity every month monthly $ Solve the following by using Table 12-1. Suntech Distributors, Inc., deposits $6,000 at the beginning of each 3-month period for 6 years in an account paying 6% interest compounded quarterly. Round your answers to...