AC300_Unit_8_Time_Value_of_Money_Module _Finley_Joey

# AC300_Unit_8_Time_Value_of_Money_Module _Finley_Joey - PM-1...

This preview shows pages 1–4. Sign up to view the full content.

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: PM-1 Future Value of an InvestmentUsing the future value tables, solve the following:Required1. 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 \$10,00 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?PM-1 Future Value of an InvestmentName:Joey D. FinleyAn asterisk (*) will appear next to an incorrect amount(s) in the outlined cell(s). If you are still gettina red asterisk, and think the answer is correct, but used a formula in the cell try manually typingin the answer according to the rounding instructions.Required1. What is the future value on December 31, 2014 of a deposit of \$35,000 madeon December 31, 2010, assuming interest of 10% compounded annually?Principal sumxFactor (from table)=Future Value\$35,000 1.464100\$51,243.50 2. What is the future value on December 31, 2014 of a deposit of \$10,00 madeon December 31, 2010, assuming interest of 16% compounded quarterly?Principal sumxFactor (from table)=Future Value\$10,000 1.872981\$18,729.81 3. What is the future value on December 31, 2014 of a deposit of \$25,000 madeon December 31, 2010, assuming interest of 12% compounded semiannually?Principal sumxFactor (from table)=Future Value\$25,000 1.593848\$39,846.20 PM-1 Future Value of an InvestmentName:SolutionsAn asterisk (*) will appear next to an incorrect amount(s) in the outlined cell(s). If you are still gettina red asterisk, and think the answer is correct, but used a formula in the cell try manually typingin the answer according to the rounding instructions.in the answer according to the rounding instructions....
View Full Document

{[ snackBarMessage ]}

### Page1 / 9

AC300_Unit_8_Time_Value_of_Money_Module _Finley_Joey - PM-1...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online