Question: Using the future values tables, solve the following: Required 1. What is the future value on December 31, 2016 of 10 cash flows of $20,000

Using the future values tables, solve the following:

Required

1. What is the future value on December 31, 2016 of 10 cash flows of $20,000 with the first cash payment made on December 31, 2007 and interest at 10% being compounded annually?

2. What is the future value on June 30, 2017 of 20 cash flows of $15,000 with the first cash payment made on December 31, 2007 and the annual interest rate of 10% being compounded semiannually?

3. What is the future value on December 31, 2017 of 20 cash flows of $15,000 with the first cash payment made on December 31, 2007 and the annual interest rate of 10% being compounded semiannually?

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