Compute the future value of $100 at an 8 percent interest rate 5, 10, and 15 years into the future What would the future value be over these time horizons if the interest rate were 5 percent ...

Compute the future value of $100 at an 8 percent interest rate 5, 10, and 15 years

Question:

Compute the of $100 at an 8 percent interest rate 5, 10, and 15 years into the future. What would the be over these time horizons if the interest rate were 5 percent?

Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...