Question: Future Value and Compound Interest Using the future value tables, solve the following: 1.What is the value on January 1, 2026, of $40,000 deposited on

Future Value and Compound Interest

Using the future value tables, solve the following:

1.What is the value on January 1, 2026, of $40,000 deposited on January 1, 2019, which accumulates interest at 12% compounded annually?

2.What is the value on January 1, 2025, of $10,000 deposited on July 1, 2019, which accumulates interest at 16% compounded quarterly?

3.What is the compound interest on an investment of $6,000 left on deposit for 5 years at 10% compounded annually?

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