Question:
Determine the future value of $10,000 under each of the following sets of assumptions:
Answer:
1. FV = $10,000 (2.65330) = $26,533
Future value of $1: n = 20, i = 5% (from Table 1)
2. FV = $10,000 (1.80611) = $18,061
Future value of $1: n = 20, i = 3% (from Table 1)
3. FV = $10,000 (1.81136) = $18,114
Future value of $1: n = 30, i = 2% (from Table 1)
Determine the future value of $10,000 under each of the following sets of assumptions:
Answer:
1. FV = $10,000 (2.65330) = $26,533
Future value of $1: n = 20, i = 5% (from Table 1)
2. FV = $10,000 (1.80611) = $18,061
Future value of $1: n = 20, i = 3% (from Table 1)
3. FV = $10,000 (1.81136) = $18,114
Future value of $1: n = 30, i = 2% (from Table 1)
