1. Future values. Fill in the future values for the following table

   1. using the future value formula, FV=PV(1+r)nFV=PV(1+r)n.

   2. using the TVM keys or function from a calculator or spreadsheet.

      Present Value	Interest Rate	Number of Periods	Future Value
      $ 400.00	5.0%	5
      $ 17,411.00	6.0%	30
      $35,000.00	10.0%	20
      $26,981.75	16.0%	15

2. Future value (with changing years) . Dixie Bank offers a certificate of deposit with an option to select your own investment period. Jonathan has $7,000 for his CD investment. If the bank is offering a 6% interest rate, how much will the CD be worth at maturity if Jonathan picks a

   1. two-year investment period?

   2. five-year investment period?

   3. eight-year investment period?

   4. fifteen-year investment period?

3. Future value (with changing interest rates) . Jose has $4,000 to invest for a two-year period. He is looking at four different investment choices. What will be the value of his investment at the end of two years for each of the following potential investments?

   1. Bank CD at 4%

   2. Bond fund at 8%

   3. Mutual stock fund at 12%

   4. New venture stock at 24%