Catten, Inc , invests $163,170 today earning 7 per year for nine years Use Table B 2 to compute the future value of the investment nine years from now (Round the amount to the nearest dollar ) ...

Catten, Inc., invests $163,170 today earning 7% per year for nine years. Use Table B.2 to compute

Question:

Catten, Inc., invests $163,170 today earning 7% per year for nine years. Use Table B.2 to compute the of the investment nine years from now. (Round the amount to the nearest dollar.)

Future Value
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...