1. Find the future value if $8000 is invested for 10 years at 12% compounded annually? 2....
Question:
1. Find the future value if $8000 is invested for 10 years at 12% compounded annually?
2. What is the future value if $8600 is invested for 8 years at 10% compounded semiannually?
Future ValueFuture value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...
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1 P 8000 r m 012 1 012 ...View the full answer
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Related Book For 
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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