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Unformatted text preview: PV = $250,000 * PVF 7,10% 4. Altman Company will invest $500,000 today. The investment will earn 6% for 5 years, with no funds withdrawn. In 5 years, the amount in the investment fund is A) $500,000. B) $650,000. C) $669,115. FV = $500,00 * FVF 5, 6% 5. On January 1, 2012, Tipson Corporation will invest $15,000 every January 1st for the next six years (2012 2017). If Linton will earn 12% on the investment, what amount will be in the investment fund on December 31, 2017? A) $61,671 B) $69,072. C) $121,728. D) $136,335. FVAD = $15,000 * FVAD 6, 12% OR FVAD = $15,000 * FVOA 6, 12% * (1+.12) Page 1...
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 Fall '09

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