Question: Using the future value tables, solve the following: Required 1. What is the value on January 1, 2014 of $40,000 deposited on January 1, 2007

Using the future value tables, solve the following:


Required

1. What is the value on January 1, 2014 of $40,000 deposited on January 1, 2007 which accumulates interest at 12% compounded annually?

2. What is the value on January 1, 2013 of $10,000 deposited on July 1, 2007 which accumulates interest at 16% compounded quarterly?

3. What is the compound interest on an investment of $6,000 left on deposit for five years at 10% compounded annually?


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