Compute the future value in year 9 of a $2,742 deposit in year 1, and another $4,960 deposit at the end of year 4 using an 10 percent interest rate. DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR.
We use the formula:
A=P(1+r/100)^n
where
A=future value
P=present value
r=rate of interest
n=time period.
A=2742*(1.1)^8+4960*(1.1)^5
which is equal to
=13866(Approx).
Compute the future value in year 9 of a $2,742 deposit in year 1, and another...
Compute the future value in year 9 of a $2,742 deposit in year 1, and another $4,960 deposit at the end of year 4 using an 10 percent interest rate. DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR.
Compute the future value in year 8 of a $2,900 deposit in year 1, and another $1,300 deposit at the end of year 4 using an 11 percent interest rate. DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR.
Compute the future value in year 9 of a $3,900 deposit in year 1, and another $3,400 deposit at the end of year 5 using a 9 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future valueWhat is the future value of a $990 annuity payment over five years if interest rates are 9 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value"What...
Compute the future value in year 8 of a $5,000 deposit in year 1, and another $4,500 deposit at the end of year 3 using an 10 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value = _______
Compute the future value in year 8 of a $3,500 deposit in year 1 and another $3,000 deposit at the end of year 3 using a 10 percent interest rate. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Future value =
Compute the future value in year 8 of a $4,100 deposit in year 1 and another $3,600 deposit at the end of year 3 using an 10 percent interest rate. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Future value $
Compute the future value in year 8 of a $4,100 deposit in year 1, and another $3,600 deposit at the end of year 3 using an 10 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Problem 5-1 Future Value (LG5-1) Compute the future value in year 9 of a $3,300 deposit in year 1, and another $2,800 deposit at the end of year 5 using a 9 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value = _______
compute the future value in year 9 of a $6000 deposit in year 1, and another $5,000 at the end of year 5 using an 9 percent interest rate.
Compute the future value in year 10 of a $1450 deposit in year 1, and another $1,230 deposit at the end of year 4 using an 10 percent interest rate