Future Value of an Investment Using the future value tables, solve the following: Required 1. What is the future value on December 31, 2014 of a deposit of $35,000 made on December 31, 2010, assuming interest of 10% compounded annually? 2. What is the future value on December 31, 2014 of a deposit of $10,000 made on December 31, 2010, assuming interest of 16% compounded quarterly? 3. What is the future value on December 31, 2014 of a deposit of $25,000 made on December 31, 2010, assuming interest of 12% compounded semiannually?
Future Value of an Investment Using the future value tables, solve the following: Required 1. What is the future value on December 31, 2014 of a deposit of $35,000 made on December 31, 2010, assuming interest of 10% compounded annually? 2. What is the future value on December 31, 2014 of a deposit of $10,000 made on December 31, 2010, assuming interest of 16% compounded quarterly? 3. What is the future value on December 31, 2014 of a deposit of $25,000 made on December 31, 2010, assuming interest of 12% compounded semiannually?
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money
Section: Chapter Questions
Problem 9.15E
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Future Value of an Investment Using the future value tables, solve the following:
Required
1. What is the future value on December 31, 2014 of a deposit of $35,000 made on December 31, 2010, assuming interest of 10% compounded annually?
2. What is the future value on December 31, 2014 of a deposit of $10,000 made on December 31, 2010, assuming interest of 16% compounded quarterly?
3. What is the future value on December 31, 2014 of a deposit of $25,000 made on December 31, 2010, assuming interest of 12% compounded semiannually?
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