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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityWhat is the future value of $700 deposited for one year earning 4 percent interest rate annually?Present Value Find the present value of an annuitythat will pay $500 at the end of each 6-month periodfor 12 years if the interest rate is 10%, compoundedsemiannually.
- What annuity is required over 13 years to equate with a future amount og 30,000? Asssume i= 7% annuallyFive Years Future Value What is the future value of $10,000 deposited for five years earning 5% interest rate annually?Consider a $5,000 deposit earning 10 percent interest per year for ten years. What is the future value? how much total interest is earned on the original deposit? and how much is interest earned on interest?
- What are the future value and the interest earned if $3800 is invested for 6 years at 8% compounded quarterly? (Round your answers to the nearest cent.) future value $ interest earned $What is the future value of a $1000 deposit made today, in 7 years, if r = 10% APR compounded annually?What is the future value of $400 deposited for one year earning an interest rate of 9 percent per year?
- Calculate the future value in five years of $5,000 received today if your investments pay. 6 percent compounded annually 8 percent compounded annually 10 percent compounded annually 10 percent compounded semiannually 10 percent compounded quarterly What do your answers to these questions tell you about the relation between future values and interest rates and between future values and the number of compounding periods per year?What is the present value of $10,000 to be received two years from today assuming an annual interest rate of 24% and monthly compounding?Consider a $5,000 deposit earning 10 percent interest per year for 10 years. What is the future value, how much total interest is earned on the original deposit, and how much is interest earned on interest?
