Question

Using the appropriate interest table, answer each of the following questions. (Each case is independent of the others.)
(a) What is the future value of $14,000 at the end of 5 periods at 6% compounded interest?
(b) What is the present value of $14,000 due 8 periods hence, discounted at 10%?
(c) What is the future value of 15 periodic payments of $14,000 each made at the end of each period and compounded at 8%?
(d) What is the present value of $14,000 to be received at the end of each of 20 periods, discounted at 12% compound interest?



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  • CreatedJune 07, 2013
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