1 .You work for a company that gives you an annual bonus of $5,000 a year that...

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1 .You work for a company that gives you an annual bonus of $5,000 a year that increases 5% for 3 years. This deferred compensation plan pays 8% annually. Using the formula attached, what would the accumulated value of your investment be at the end of 3 years?

	Compound Interest

	Investment	$10,000
	Interest	6%
	Term (n)	4
	Years Invested	1

	Total	$10,613.64

Determining Future Value

Investment (Bonus)	$10,000
Increase	7%
Term in Years	5
Annual Payment Percentage	10%

Total	$76,251.37

2) You have a $20,000 investment that pays 4% semi-annually for 2 years. What is the future value of your investment in 2 years?

Related Book For answer-question

Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Posted Date: Feb 03, 2024 02:05 AM

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1 .You work for a company that gives you an annual bonus of $5,000 a year that...

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Fundamentals of Financial Accounting

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