Future value and present value Required Using Tables I, II, III, or IV in this appendix, calculate

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Future value and present value


Required

Using Tables I, II, III, or IV in this appendix, calculate the following:

a. The future value of $60,000 invested at 8 percent for 10 years.

b. The future value of eight annual payments of $4,000 at 9 percent interest.

c. The amount that must be deposited today (present value) at 8 percent to accumulate $100,000 in five years.

d. The annual payment on a 10-year, 6 percent, $60,000 note payable.


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...
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Fundamental financial accounting concepts

ISBN: 978-0078025365

8th edition

Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward

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