Determine the future value of the following single amounts: No. of Periods Invested Amount Interest Rate $15,000 6% 12 1. 2. 20,000 10 3. 30,000 12 20 50,000 4 12 4.

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 1Q
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Determine the future value of the following single amounts:
No. of Periods
Invested Amount
Interest Rate
$15,000
6%
12
1.
2.
20,000
10
3.
30,000
12
20
50,000
4
12
4.
Transcribed Image Text:Determine the future value of the following single amounts: No. of Periods Invested Amount Interest Rate $15,000 6% 12 1. 2. 20,000 10 3. 30,000 12 20 50,000 4 12 4.
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