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:

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?

   $