Question:
Determine the future value of the following single amounts:
Answer:
1. FV = $15,000 (2.01220) = $30,183
Future value of $1: n = 12, i = 6% (from Table 1)
2. FV = $20,000 (2.15892) = $43,178
Future value of $1: n = 10, i = 8% (from Table 1)
3. FV = $30,000 (9.64629) = $289,389
Future value of $1: n = 20, i = 12% (from Table 1)
4. FV = $50,000 (1.60103) = $80,052
Future value of $1: n = 12, i = 4% (from Table 1)
Determine the future value of the following single amounts:
Answer:
1. FV = $15,000 (2.01220) = $30,183
Future value of $1: n = 12, i = 6% (from Table 1)
2. FV = $20,000 (2.15892) = $43,178
Future value of $1: n = 10, i = 8% (from Table 1)
3. FV = $30,000 (9.64629) = $289,389
Future value of $1: n = 20, i = 12% (from Table 1)
4. FV = $50,000 (1.60103) = $80,052
Future value of $1: n = 12, i = 4% (from Table 1)
