Question: Using the future value tables, solve the following. Required: 1. What is the future value on December 31, 2023, of a deposit of $35,000 made
Using the future value tables, solve the following.
Required:
1. What is the future value on December 31, 2023, of a deposit of $35,000 made on January 1, 2020, assuming interest of 10% compounded annually?
2. What is the future value on December 31, 2023, of a deposit of $10,000 made on January 1, 2020, assuming interest of 16% compounded quarterly?
3. What is the future value on December 31, 2023, of a deposit of $25,000 made on January 1, 2020, assuming interest of 12% compounded semiannually?
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1 FV PV f ni FV 35000 f n4i10 FV 35000 ... View full answer
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