Problem 6-17 Calculating Future Values [LO1]

Fowler Credit Bank is offering 7.4 percent compounded daily on its savings accounts. You deposit $5,800 today.

How much will you have in the account in 6 years? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Future value

$

How much will you have in the account in 11 years? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Future value

$

How much will you have in the account in 18 years? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Future value

$