EM-1 Future Value and Compound Interest Using the future value tables, solve the following. Required: 1. What is the value on January 1, 2026, of $40,000 deposited on January 1, 2019, which accumulates interest at 12% compounded

Financial Accounting: The Impact on Decision Makers
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Author:Gary A. Porter, Curtis L. Norton
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Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money
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Problem 9.16E
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EM-1 Future Value and Compound Interest Using the future value tables, solve the following.

Required:

1. What is the value on January 1, 2026, of $40,000 deposited on January 1, 2019, which accumulates interest at 12% compounded annually? 

 2. What is the value on January 1, 2025, of $10,000 deposited on July 1, 2019, which accumulates interest at 16% compounded quarterly?

3. What is the compound interest on an investment of $6,000 left on deposit for 5 years at 10% compounded annually?

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