Question

Refer to the appropriate tables in the text.
Required:
Round answers to two decimal places. Determine:
a. The future value of a single deposit of $ 15,000 that earns compound interest for four years at an interest rate of 10 percent per year.
b. The annual interest rate that will produce a future value of $ 13,416.80 in six years from a single deposit of $ 8,000. A single deposit of $8,000.
c. The size of annual cash flows for an annuity of nine cash flows that will produce a future value of $ 79,428.10 at an interest rate of 9 percent per year.
d. The number of periods required to produce a future value of $ 17,755.50 from an initial deposit of $ 7,500 if the annual interest rate is 9 percent.


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  • CreatedSeptember 22, 2015
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