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If you invest $12,250 today, how much will you have:

Use Appendix A as an approximate answer, but calculate your final answer using the formula and financial calculator methods.

a.  In 8 years at 6 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Future value $

b.  In 16 years at 7 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Future value $

c.  In 19 years at 14 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Future value $

d.  In 15 years at 14 percent (compounded semiannually)? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Future value $

Attachment:- Appendix.rar

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92775175

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