Question

Assume that $1,000 is deposited today, two years from now, four years from now, six years from now, and eight years from now. At 8% interest compounded annually, determine the future value at the end of year 9.

(a) $4,174
(b)$7,521
(c) $2,085
(d) $1,895

F
1
2
4
5
6
7
8 9
10
$1,000
$1,000
$1,000
$1,000
$1,000
3.
Expand
Transcribed Image Text

F 1 2 4 5 6 7 8 9 10 $1,000 $1,000 $1,000 $1,000 $1,000 3.

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