Question 1 What is the future value of $600 at 6% after six years

Question 2 How much would you have in savings if you kept $300 on deposit for 8 years at 10% compounded semi-annually?

Future Value of a series of Equal Amounts (an annuity)

Question 3 What is the future value of an annual deposit of $300 earning 6% for 10 years?

Question 4 What amount would you have in a retirement account if you made annual deposits of $400 for 25 years earning 10% compounded annually?

Present Value of a Single Amount

Question 5 What is the present value of $2000 earning 12 % for eight years?

Question 6 To have $10000 for a child's education in 10 years, what amount should a parent deposit in a savings account that earns 4%, compounded quarterly?

Present Value of a Series of Equal Amounts (an annuity).

Question 7 What is the present value of a withdrawal of $300 at the end of each year for 10 years with an interest rate of 7%?

Question 8 How much would you have to deposit now to be able to withdraw $500 at the end of each year for 20 years from an account that earns 11%?

Answer rating: 100% (QA)

Question 1 To calculate the future value of 600 at 6 after six years we can use the formula for compound interest Future Value Principal 1 Interest RateTime Future Value 600 1 0066 89468 Therefore the ... View the full answer