Calculate the future value (FV) of a $5,000 investment at an interest rate of 10% for 7
Fantastic news! We've Found the answer you've been seeking!
Question:
Calculate the future value (FV) of a $5,000 investment at an interest rate of 10% for 7 years. (Value: 4 points)
6. Determine the interest rate you will pay if you are approved for a loan for $112,000 with annual payments of $15,000 for 8 years. (4 points) B. Problems (Value: 34 points)
Expert Answer:
A Future Value FV Calculation Formula FV PV 1 rn Where FV Future Value PV Present Value 5000 r Inter... View the full answer
Posted Date:
