Question

Using the future value tables, solve the following:

Required
1. What is the future value on December 31, 2011 of a deposit of $35,000 made on December 31, 2007 assuming interest of 10% compounded annually?
2. What is the future value on December 31, 2011 of a deposit of $10,000 made on December 31, 2007 assuming interest of 16% compounded quarterly?
3. What is the future value on December 31, 2011 of a deposit of $25,000 made on December 31, 2007 assuming interest of 12% compounded semiannually?



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  • CreatedMarch 10, 2012
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