None 41esa. What is the future value in seven years of $1,200 invested in an account with a statedannual interest rate of 8 percent, compounded annually? (Do not round intermediatecalculations and round your final answer to 2 decimal places. (e.g., 32.16))Future valueb. What is the future value in seven years of $1,200 invested in an account with a statedannual interest rate of 8 percent, compounded semiannually? (Do not roundintermediate calculations and round your final answer to 2 decimal places. (e.g.,32.16))Future valuec. What is the future value in seven years of $1,200 invested in an account with a statedannual interest rate of 8 percent, compounded monthly? (Do not round intermediatecalculations and round your final answer to 2 decimal places. (e.g., 32.16))Future value$d. What is the future value in seven years of $1,200 invested in an account with a statedannual interest rate of 8 percent, compounded continuously? (Do not roundintermediate calculations and round your final answer to 2 decimal places. (e.g.,32.16))Future value$

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Answered: 41 es a. What is the future value in…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...

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Ex 1. The following are exercises in future (terminal) values: a. At the end of three years, how much is an initial deposit of $100 worth, assuming a compound annual interest rate of (i) 100 percent? (ii) 10 percent? (iii) O percent? b. At the end of five years, how much is an initial $500 deposit followed by five year-end, annual $100 payments worth, assuming a compound annual interest rate of (i) 10 percent? (ii) 5 percent? (iii) O percent?
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ou can assume that all payments are made at the beginning of the period and use "1" for the "type" argument in the formula. A. Suppose you invest $ 11,400 today. What is the future value of the investment in 29 years, if interest at 7% is compounded annually? B B. Suppose you invest $ 11,400 today. What is the future value of the investment in 29 years, if interest at 7% is compounded quarterly? 4 5 6 27 28 29 C. Suppose you invest St $ 570 monthly. What is the future value of the investment in 29 years, if interest at 5% is compounded monthly? Question 1 Question 2 + Ready Accessibility: Investigate MAR 17 A W +
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