Question

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.



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  • CreatedOctober 12, 2013
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