Time Value of Money I

# Time Value of Money I - Time Value of Money I compounding...

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Time Value of Money I - compounding Lump Sums_x000D_McLaughlin's "Fun with Finance" Brief Case Series  1/2007 A: [10]What is the future value of \$250 invested at 12% for 10 years? r = 12% 10y PV=\$250 FV=? FV=PV x FVIF FV=250 x 3.1058 FV= \$776.45 B: [10]What is the future value of 250 invested at 24% for 10 years? r = 24% 10y PV=\$250 FV=? FV=PV x FVIF FV=250 x 8.5944 FV= \$2,148.60 C: [10]What is the future value of 250 invested at 12% for  20 years? r = 12% 20y PV=\$250 FV=? FV=PV x FVIF FV=250 x 9.6463 FV= \$2,411.58 D :[10] What is the future value of 250 invested at 24% for 20 years? r = 24% 20y PV=\$250 FV=? FV=PV x FVIF FV=250 x 73.864 FV= \$18,466.00 you spend your money. Compute the following uing either your business  calculator with the tables built in or your caluclator and the tables to try moving  money through time. Draw the time line for each

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Time Value of Money I - Time Value of Money I compounding...

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