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Use the future value tables to answer the following questions. (Click here to access the PV...

Use the future value tables to answer the following questions.

(Click here to access the PV and FV tables to use with this problem.)

Required:

Round your answers to the nearest dollar.

1. What is the value on January 1, 2027, of $75,000 deposited on January 1, 2020, which accumulates interest at 14% annually?

$

2. What is the value on January 1, 2025, of $15,000 deposited on July 1, 2020, which accumulates interest at 16% compounded quarterly?

$

3. How much interest will accumulate on an investment of $10,000 left on deposit for 7 years at 8% compounded annually?

$

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Answer #1

The answer has been presenetd in the supporting sheet. For detailed answer refer to the supporting sheet. For detailed answer refer to the supporitng sheet.

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