Ch 10 16

Info iconThis preview shows page 1. Sign up to view the full content.

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

Unformatted text preview: uot; sign in your re sponse .) 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...
View Full Document

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.

Ask a homework question - tutors are online