# Using the appropriate interest table, answer the following questions. (Each case is independent of the others). (a)

## Question:

(a) What is the future value of 20 periodic payments of $5,000 each made at the beginning of each period and compounded at 8%?

(b) What is the present value of $2,500 to be received at the beginning of each of 30 periods, discounted at 10% compound interest?

(c) What is the future value of 15 deposits of $2,000 each made at the beginning of each period and compounded at 10%? (Future value as of the end of the fifteenth period.)

(d) What is the present value of six receipts of $3,000 each received at the beginning of each period, discounted at 9% compounded interest?

Future Value

Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...

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