Number of Annual Present Value Annuity Future Value Payments or Interest Rate Years 6. 10% $301.36 15 18% S1,317.67 28 3% S662.75 ? 300 1.2% $488.75 What is the future value?

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
What is the future value?
Number of
Annual
Present Value
Annuity
Future Value
Payments or
Interest Rate
Years
6.
10%
$301.36
15
18%
S1,317.67
28
3%
S662.75
?
300
1.2%
$488.75
What is the future value?
Transcribed Image Text:Number of Annual Present Value Annuity Future Value Payments or Interest Rate Years 6. 10% $301.36 15 18% S1,317.67 28 3% S662.75 ? 300 1.2% $488.75 What is the future value?
Expert Solution
Step 1

Future value is the value of the present cash flows after certain period. Due to interest that can be earned during the period, future value will be more than the present value of the cash flow. 

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Valuing Decision
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Corporate Fin Focused Approach
Corporate Fin Focused Approach
Finance
ISBN:
9781285660516
Author:
EHRHARDT
Publisher:
Cengage