Question 1: Calculate the future value for question 3 and 8 in the table below For questions 1-4, calculate the future value. Present Value 1. 2. 3. 4. SO SO $15,000 $38,000 Interest Rate 7% quarterly 9% monthly 5.6% quarterly 8% semi-annually Payments $2,000 quarterly $375 monthly Timing of Payment Year Beginning 10 20 30 8 End End $3,000 annually $1,500 monthly Beginning

Cornerstones of Financial Accounting
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ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
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Question 1: Calculate the future value for question 3 and 8 in the table below
For questions 1-4, calculate the future value.
Present Value
1.
2.
3.
4.
SO
SO
$15,000
$38,000
Interest Rate
7% quarterly
9% monthly
5.6% quarterly
8% semi-annually
Payments
$2,000 quarterly
$375 monthly
$3,000 annually
$1,500 monthly
Timing of Payment Years
Beginning
10
20
30
8
End
End
Beginning
Transcribed Image Text:/discuss.php?d=599012 Question 1: Calculate the future value for question 3 and 8 in the table below For questions 1-4, calculate the future value. Present Value 1. 2. 3. 4. SO SO $15,000 $38,000 Interest Rate 7% quarterly 9% monthly 5.6% quarterly 8% semi-annually Payments $2,000 quarterly $375 monthly $3,000 annually $1,500 monthly Timing of Payment Years Beginning 10 20 30 8 End End Beginning
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