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Problem 4-3 (add the formulas) FUTURE VALUE CALCULATIONS To what amount will the following investments accumulate?...

Problem 4-3 (add the formulas)

FUTURE VALUE CALCULATIONS

To what amount will the following investments accumulate?

Annual

Amount Invested (SAR)

Interest

Years

80,000

5%

5

60,000

4%

12

35,500

12%

4

97,000

7%

15

0 0
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Answer #0

1.

Future Value = 80,000(1.05)5 = $102,102.53

2.

Future Value = 60,000(1.04)12 = $96,061.93

3.

Future Value = 35,500(1.12)4 = $55,859.94

4.

Future Value = 97,000(1.07)15 = $276,626.06

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