Future Value= Present Value * ( 1+rate of Interest) ^ Time
= $ 3000 * ( 1+ 4.2%) ^ 3
= $ 3,394.098264
Hence the correct answer is $ 3,394.10
What is the Future Value of $3,000 after 3 years earning interest at the rate of...
Calculate the future value of $3,000 in a. Four years at an interest rate of 5% per year. b. Eight years at an interest rate of 5% per year. c. Four years at an interest rate of 10% per year. d. Why is the amount of interest eared in part (a) less than half the amount of interest earned in part (b)? a. Four years at an interest rate of 5% per year. The future value of $3,000 in 4...
3. What is the future value after 22 years of year-end deposits $__250_____ earning 3% 4. What is the future value in the preceding problem if deposits are year-beginning? Put in excel with formulas
What is the future value of $10,000 deposited for five years earning 5% interest rate annually
Two Years Future Value What is the future value of $450 deposited for two years earning 8% interest rate annually?
What is the future value of $775 deposited for one year earning an interest rate of 8 percent per year? (Do not round intermediate calculations. Enter your answer as a whole number.)
3. Calculate the future value of $2000 in a. 5 years at an interest rate of 5% per year. b, 10 years at an interest rate of 5% per year c. 5 years at an interest rate of 10% per year. d. Why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)?
C-1. Calculate the future value of an investment of $463 for 10 years earning an interest of 9% (Round your answer to 2 decimal places.) * Answer is complete but not entirely correct. $ 1,096.11 value c-2. Would you rather have $463 now or $1,000 ten years from now? Now Ten years from now e. Assume that the average price of a new home is $158,500. If new homes are increasing at a rate of 10% per year, how much...
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!
Calculate the future value of $9,000 in a. 4 years at an interest rate of 9% per year. b. 8 years at an interest rate of 9% per year. c. 4 years at an interest rate of 18% per year. d. Why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)? a. Calculate the future value of $9,000 in 4 years at an interest rate of 9% per year....
What is the future value of $550 deposited for one year earning an 10 percent interest rate annually?