Chapter 5 Question 16 Calculating Future Values What is the future value of $2,400 in 19 years assuming an interest rate of 7.4 percent compounded quarterly? Input area: \begin{tabular}{|lrr|} \hline Deposit & $ & 2,400 \\ # of years & 19 \\ Interest rate & 7.4% \\ # of times compounded per year & \multicolumn{2}{c|}{ Quarterly } \\ \hline \end{tabular} Output area: \begin{tabular}{|l|l|} \hline # of time compounded per year & \\ \cline { 2 - 3 } & Future value \\ \hline \end{tabular} Must use FV fx for credit consideration of D20