Compute the future value of the following invested amounts at the specified periods and interest rates.

Name: Compute the future value of the following invested amounts at the specified periods and interest rates.
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Question

Quizplus · Accepted Answer

a. FV = $20,000 $\times$ 2.15892 (Table 1; n = 10; i = 8%) = $43,178.
b. FV = $30,000 $\times$ 1.36857 (Table 1; n = 8; i = 4%) = $41,057.
c. FV = $10,000 $\times$ 5.47357 (Table 1; n = 15; i = 12%) = $54,736.

Compute the Future Value of the Following Invested Amounts at the Specified