Beverly Forest is a single parent with twin daughters who are now seniors in high school. Beverly inherited money from her father's estate and decided that it would be reasonable to save $50,000 of the inheritance for wedding expenses in the event that both daughters should decide to get married in the same year. How much money will Beverly have in 4 years if she can invest the $50,000 and get a return of 8% compounded quarterly? 

 

18. Compute the present value (principal) and the compound interest earned for the following investment. 

	Future			Present	Compound
	Value	Interest Rate	Time	Value	Interest
	$66,000	9% compounded annually	12 years	__________	_________

Answer rating: 100% (QA)

To calculate the future value of Beverlys 50000 investment after 4 years we can use the compound int... View the full answer