Find the future value (FV) one year from now of a $7,000 investment at a 3 percent annual compound interest rate. Also calculate the future value if the investment is made for two years.
Answer to relevant QuestionsFind the FV value of $10,000 invested now after five years if the annual interest rate is 8 percent. a. What would be the FV if the interest rate is a simple interest rate? b. What would be the FV if the interest rate is a ...Determine the present value (PV) if $15,000 is to be received at the end of eight years and the discount rate is 9 percent. How would your answer change if you had to wait six years to receive the $15,000? Use a financial calculator or computer software program to answer the following questions: a. What would be the future value (FV) of $15,555 invested now if it earns interest at 14.5 percent for seven years? b. What would be ...Describe the relationship between internal and external financing in meeting the long-term financial needs of a firm. Why might a firm want to maintain a high bond rating? What has been happening to bond ratings in recent years?
Post your question