Question: Using the future value tables, solve the following. Required: 1. What is the value on January 1, 2026, of $40,000 deposited on January 1, 2019,

Using the future value tables, solve the following.

Required:
1. What is the value on January 1, 2026, of $40,000 deposited on January 1, 2019, which accumulates interest at 12% compounded annually?
2. What is the value on January 1, 2025, of $10,000 deposited on July 1, 2019, which accumulates interest at 16% compounded quarterly?
3. What is the compound interest on an investment of $6,000 left on deposit for 5 years at 10% compounded annually?

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1 FV 40000 f n7i12 40000 2210681 8842724 2 FV 10000 f n22i4 1000... View full answer

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