Question: Future Value and Compound Interest Using the future value tables, solve the following: ( Click here to access the PV and FV tables to use

Future Value and Compound Interest
Using the future value tables, solve the following:
(Click here to access the PV and FV tables to use with this problem.)
Round your answers to two decimal places.
Required:
What is the value on January 1, Year 8, of $40,000 deposited on January 1, Year 1, which accumulates interest at 12% compounded annually?
What is the value on January 1, Year 7, of $10,000 deposited on July 1, Year 1, which accumulates interest at 16% compounded quarterly?
What is the compound interest on an investment of $6,000 left on deposit for 5 years at 10% compounded annually?
Future Value and Compound Interest Using the

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