Present value Years Interest rate Future Value Equation $ 2,328 11 13% $ 7,513 7 9%...
| Present value | Years | Interest rate | Future Value | Equation |
| $ 2,328 | 11 | 13% | ||
| $ 7,513 | 7 | 9% | ||
| $ 74,381 | 14 | 12% | ||
| $ 192,050 | 16 | 6% |
For each of the following, compute the future value
Homework Answers
The Equation used here is 
| Present Value | Years | Interest Rat | Future Value | Equation |
|---|---|---|---|---|
| $ 2,328 | 11 | 13% | $8,939.52 | 2,328(1+.13)11 |
| $ 7,513 | 7 | 9% | $13,734.06 | 7,513(1+.09)7 |
| $ 74,381 | 14 | 12% | $363,508.30 | 74,381(1+.12)14 |
| $ 192,050 | 16 | 6% | $487,874.54 | 192,050(1+.06)16 |
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