Complete the following table

Periods Interest Rate (%) Future Value of $50?

3 2% Step 1. FV = $50 (1 + .02)3

Step 2.FV = $50 (1.02)3

Step 3.FV = $50 (1.06)

Step 4.FV = $53

5 8% Step 1.FV = $50 (1 +.08)5

Step 2.FV = $50 (1.08)5

Step 3.FV = $50 (1.46)

Step 4.FV = $73

Periods Interest Rate (%) Future Value of $200?

3 4% Step 1.

Step 2.

Step 3.

Step 4.

5 7% Step 1.

Step 2.

Step 3.

Step 4.

8 2.5% Step 1.

Step 2.

Step 3.