Question compute the future value of 1000 at an 8 percent, Ask an Expert

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Question: Compute the future value of $1000 at an 8 percent interest rate 15, 20, and 30 years into the future. What would the future value be over these time horizons if the interest rate were 5 percent?

Instruction: Round your answers to the nearest penny (2 decimal places).

Future value in 15 years at 8 percent = $

Future value in 20 years at 8 percent = $

Future value in 30 years at 8 percent = $

Future value in 15 years at 5 percent = $

Future value in 20 years at 5 percent = $

Future value in 30 years at 5 percent = $

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92797549

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