Problem 4-3 (add the formulas) FUTURE VALUE CALCULATIONS To what amount will the following investments accumulate?...
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Problem 4-3 (add the formulas) |
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FUTURE VALUE CALCULATIONS |
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To what amount will the following investments accumulate? |
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Annual |
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Amount Invested (SAR) |
Interest |
Years |
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80,000 |
5% |
5 |
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60,000 |
4% |
12 |
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35,500 |
12% |
4 |
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97,000 |
7% |
15 |
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Homework Answers
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
Add Answer to:
Problem 4-3 (add the formulas)
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