Calculate the future value in six years of $8,000 received today if your investments pay for the following interest rates. (Do not roundintermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))Future Value5 percent compounded annuallyb. 7 percent compounded annuallyc. 9 percent compounded annuallyd. 9 percent compounded semiannually9 percent compounded quarterlyа.$6,268.21е.

Future value includes the compounding interest rate that grow with time and interest rate.

alculate the future value in six years of $8,000 received today if your investme termediate calculations. Round your answers to 2 decimal places. (e.g., 32.1 Future Value a. 5 percent compounded annually b. 7 percent compounded annually c. 9 percent compounded annually d. 9 percent compounded semiannually e. 9 percent compounded quarterly $ 6,268.21

alculate the future value in six years of $8,000 received today if your investme termediate calculations. Round your answers to 2 decimal places. (e.g., 32.1 Future Value a. 5 percent compounded annually b. 7 percent compounded annually c. 9 percent compounded annually d. 9 percent compounded semiannually e. 9 percent compounded quarterly $ 6,268.21

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 3CE

See similar textbooks

Similar questions

Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Time Nominal Interest Compound Compound Principal Period (years) Rate (%) Compounded Amount Interest $23,000 13 5 annually Need Help? Read It
Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Compound Interest Time Nominal Interest Compound Amount Principal Period (years) Rate (%) Compounded $8,000 4 11 annually 2$ Need Help? Read It
Calculate the future value in five years of $4,000 received today if your investments pay for the following interest rates. (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) 6 percent compounded annually b. 8 percent compounded annually a. C. 10 percent compounded annually d. 10 percent compounded semiannually 10 percent compounded quarterly e. Future Value
Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Time Nominal Interest Compound Compound Principal Period (years) Rate (%) Compounded Amount Interest $5,100 8 quarterly Need Help? Read It
Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. ( Round your answers to the nearest cent.) Principal Time Period (years) Nominal Rate (%) Interest Compounded Compound Amount Compound Interest $24,000 18 5 annually
What is the future value of $118,000 invested for 5 years at 11% compounded monthly? (a) State the type. A. ordinary annuityB. present value C. amortizationD. sinking fundE. future value (b) Answer the question. (Round your answer to the nearest cent.)
II. Directions: Compute the future value of the following single investments. Round off your final answer up to 2 decimal places. 4. P60,050 at 9.5% interest compounded bi-monthly for 4 years. 5. P104,000 at 6.89% interest compounded annually for 3 years.
Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Principal TimePeriod (years) NominalRate (%) InterestCompounded CompoundAmount CompoundInterest $8,000 4 12 annually $ ?? $ ??
Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Time Nominal Interest Compound Compound Principal Period (years) Rate (%) Compounded Amount Interest $8,000 4 12 annually Ex Enter a number.
Calculate the present value of $9,000 received six years from today if your investments pay (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) Present Value a. 6 percent compounded annually b. 8 percent compounded annually c. 10 percent compounded annually d. 10 percent compounded semiannually e. 10 percent compounded quarterly
Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Time Principal Period (years) Nominal Rate (%) Interest Compounded $26,000 11 5 annually $ Compound Amount $ Compound Interest
Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent. Compound Amount Term of Investment Nominal Interest Rate (%) Compounded $38,000 6 years 4 semiannually +A Present Value Compound Interest $ +A