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Assume that you must make two-year-ahead future value estimates using the future value of 1 table. Which interest rate column and number-of-periods row do you use when working with the following rates?

1. 8% annual rate, compounded quarterly

2. 12% annual rate, compounded annually

3. 6% annual rate, compounded semiannually

4. 12% annual rate, compounded monthly (the answer for number-of-periods in part 4 is not shown in Table)

1. 8% annual rate, compounded quarterly

2. 12% annual rate, compounded annually

3. 6% annual rate, compounded semiannually

4. 12% annual rate, compounded monthly (the answer for number-of-periods in part 4 is not shown in Table)

Future 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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