A deposit of $750 earns interest rates of 9 percent in the first year and 12 percent in the second year. What would be the second year future value?
Answer to relevant QuestionsWhat is the present value of a $350 payment in one year when the discount rate is 10 percent?Compute the present value of $5,000 paid in two years using the following discount rates: 8 percent in the first year and 7 percent in the second year.What is the value in year 10 of a $1,000 cash flow made in year 3 if interest rates are 9 percent?You invested $2,000 in the stock market one year ago. Today, the investment is valued at $1,500. What return did you earn? What return would you need to get next year to break even overall? Determine the interest rate earned on a $2,300 deposit when $2,900 is paid back in one year.
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