Given a 10 percent interest rate, compute the year 9 future value if deposits of $10,000 and $20,000 are made in years 1 and 5 respectively, and a withdrawal of $5,000 is made in year 7.
Step 1: PV= 10,000, N = 8, I = 10, PMT= 0, => FV = 21435.89. Step 2: PV = 20000, N = 4, I = 10, PMT = 0, => FV = 29282.00. Step 3: PV = −5000, PMT = 0, N = 2, I = 10, => FV = −6050.00. sum of FVs = 44,667.89
Given a 10 percent interest rate, compute the year 9 future value if deposits of $10,000 and $20,000 are made in years 1 and 5 respectively, and a withdrawal of $5,000 is made in year 7.
given an interest rate of 10 percent, compute the year 7 future value if deposits of $2800 and $3800 are made in years 2 and 3 respectively and a withdrawal of $925 is made is year 5
Given an interest rate of 9 percent, compute the year 6 future value if deposits of $3,000 and $4,000 are made in years 2 and 3, respectively, and a withdrawal of $975 is made in year 5. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Find Future Value Please answer correctly. Thank you!
Problem 5-43 Future Value (LG5-1) Given an interest rate of 8 percent, compute the year 7 future value if deposits of $1,900 and $2,900 are made in years 1 and 3, respectively, and a withdrawal of $925 is made in year 4. (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Future value
Given an interest rate of 9 percent, compute the year 6 future value if deposits of $3,000 and $4,000 are made in years 2 and 3, respectively, and a withdrawal of $975 is made in year 5. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Find Value in year 12:
Given an interest rate of 8 percent, compute the year 8 future value if deposits of $3,200 and $4,200 are made in years 2 and 3, respectively, and a withdrawal of $1,025 is made in year 5. (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Future value
Given a 5 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1,500, $1,700, $1,700, and $2,000, respectively.
given a 3 percent interest rate, compute the year 6 future value of deposits made in years 1,2,3 and 4 of $1350 $1650 $1650 and 1750 respectively
given a 4 percent interest rate, compute the year 6 future value of deposits made in years 1,2,3, and 4 of $1300,$1500,$1500 and $1800 respectively
Given a 6 percent interest rate, compute the year 8 future value of deposits made at the end of years 2, 3, and 5 of $1,931, $1,202, and $1,704, respectively. (Do not round intermediate calculations and round your final answer to the nearest dollar.)
6 Given a 3 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1700, 1900, 51.900, and $2,200, respectively. (Do not round intermediate calculations and round your final answer to 2 decimal places.) 10 points eBook Hint Print References