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Future value $ 144,870 d. To determine the future amount of $50,000 is inves ted initially , plus $5,000 is inves ted annually at the
end of eac h of the nex t three y ears , at 12 perc ent interes t, c ompounded annually . (Round your FV
fa ctor to 3 de cim a l pla ce s a nd fina l a nsw e r to the ne a re st dolla r a m ount. Om it the "$" sign in
your re sponse .)
Future value $ 87,120 W orksheet Learning Objective: B-02 Des cribe the relations hips
between pres ent values and future am ounts . Learning Objective: B-01 Explain what is m eant by the
phras e tim e value of m oney. Learning Objective: B-04 Com pute future am ounts and the
inves tm ents neces s ary to accum ulate future am ounts . Us e Table FA–1 (in Ex hibit B-2) and Table FA–2 (in Ex hibit B-4)
a . To determine the future amount of $20,000 is inves ted for 10 y ears , at 6 perc ent interes t, c ompounded
annually . (Round your FV fa ctor to 3 de cim a l pla ce s a nd fina l a nsw e...
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This note was uploaded on 01/30/2014 for the course ACC 111 taught by Professor Angela during the Fall '08 term at Delaware County CC.
- Fall '08