For each of the following cases, calculate the future value of the single cash flow deposited...
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For each of the following cases, calculate the future value of the single cash flow deposited today that will be available at the end of th deposit period if the interest is compounded annually at the rate specified over the given period. Round to the nearest cent. Case Single Cash Flows ($) Interest Rate (%) Deposit Period (Years) Future Value A $100 $5,000 $12,500 $23,200 B 6 10 12 14 30 25 10 52 For each of the following cases, calculate the future value of the single cash flow deposited today that will be available at the end of th deposit period if the interest is compounded annually at the rate specified over the given period. Round to the nearest cent. Case Single Cash Flows ($) Interest Rate (%) Deposit Period (Years) Future Value A $100 $5,000 $12,500 $23,200 B 6 10 12 14 30 25 10 52
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FV PV 1 rn the future values for each case will be Case A PV 10000 r 6 006 as ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
Posted Date:
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