Question

Compute the future value in year 10 of a $1,000 deposit in year 1, and another $1,500 deposit at the end of year 4 using an 8 percent interest rate.

Compute the future value in year 10 of a $1,000 deposit in year 1, and another $1,500 deposit at the end of year 4 using an 8 percent interest rate.


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Answer #1
N= 10 − 1 = 9N= 10 − 4 = 6
I= 8I= 8
PV= 1000PV= 1500
PMT= 0PMT= 0
CPT FV= 1999.00CPT FV= 2380.31
1999.00 + 2380.31= 4379.31


answered by: Kraer4342
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Compute the future value in year 10 of a $1,000 deposit in year 1, and another $1,500 deposit at the end of year 4 using an 8 percent interest rate.
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