Question

Calculating Future Values. For each of the following, compute the future value. PRESENT VALUE YEARS INTEREST...

Calculating Future Values. For each of the following, compute the future value.

PRESENT VALUE

YEARS

INTEREST RATE

FUTURE VALUE

5 510

10

12.7%

14 790

30

11

156 280

22

10

397 920

36

7
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Homework Answers

Answer #1
Future value = Present value*((1+r)^n)
where r is the interest rate
n is the number of years
Present value 5510
Number of years 10
Interest rates 12.70%
Future value 5510*(1.1270^10)
Future value $18,213.39
Present value 14790
Number of years 30
Interest rates 11.00%
Future value 14790*(1.11^30)
Future value $338,577.07
Present value 156280
Number of years 22
Interest rates 10.00%
Future value 156280*(1.10^22)
Future value $1,272,162.17
Present value 397920
Number of years 36
Interest rates 7.00%
Future value 397920*(1.07^36)
Future value $4,545,815.08
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