Below are four independent scenarios relating to the investment of a single lump-sum amount. Calculate the...

 

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Below are four independent scenarios relating to the investment of a single lump-sum amount. Calculate the future value of each, using the algebraic formula illustrated in the textbook. Then, verify your answer by reference to the "future value of $1" table. If you have a "business" calculator, additionally verify your calculations using the future value functions included with your calculator. (a) An investment of $1,000 for 10 years, at a 5% annual rate, compounded annually. (b) An investment of $5,000 for 2 years, at a 6% annual rate, compounded monthly. (c) (d) An investment of $2,500 for 3 years, at a 10% annual rate, compounded semi-annually. An investment of $7,500 for 5 years, at an 8% annual rate, compounded quarterly. ct Question 1 0/2 pts What is the future value of an investment of $1,000 for 10 years, at a 5% annual rate, compounded annually. Round your answer to the nears hundredth (two decimal places.) 1.63 Et Question 2 0/2 pts What is the future value an investment of $5,000 for 2 years, at a 6% annual rate, compounded monthly. 1.56 ct Question 3 0/3.5 pts What is the future value of an investment of $2,500 for 3 years, at a 10% annual rate, compounded semi- annually. 1.51 Below are four independent scenarios relating to the investment of a single lump-sum amount. Calculate the future value of each, using the algebraic formula illustrated in the textbook. Then, verify your answer by reference to the "future value of $1" table. If you have a "business" calculator, additionally verify your calculations using the future value functions included with your calculator. (a) An investment of $1,000 for 10 years, at a 5% annual rate, compounded annually. (b) An investment of $5,000 for 2 years, at a 6% annual rate, compounded monthly. (c) (d) An investment of $2,500 for 3 years, at a 10% annual rate, compounded semi-annually. An investment of $7,500 for 5 years, at an 8% annual rate, compounded quarterly. ct Question 1 0/2 pts What is the future value of an investment of $1,000 for 10 years, at a 5% annual rate, compounded annually. Round your answer to the nears hundredth (two decimal places.) 1.63 Et Question 2 0/2 pts What is the future value an investment of $5,000 for 2 years, at a 6% annual rate, compounded monthly. 1.56 ct Question 3 0/3.5 pts What is the future value of an investment of $2,500 for 3 years, at a 10% annual rate, compounded semi- annually. 1.51