Calculate the future value in six years of $8,000 received today if your investments pay for the following interest rates. (Do not roundintermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))Future Value5 percent compounded annuallyb. 7 percent compounded annuallyc. 9 percent compounded annuallyd. 9 percent compounded semiannually9 percent compounded quarterlyа.$6,268.21е.

Future value includes the compounding interest rate that grow with time and interest rate.

alculate the future value in six years of $8,000 received today if your investme termediate calculations. Round your answers to 2 decimal places. (e.g., 32.1 Future Value a. 5 percent compounded annually b. 7 percent compounded annually c. 9 percent compounded annually d. 9 percent compounded semiannually e. 9 percent compounded quarterly $ 6,268.21

alculate the future value in six years of $8,000 received today if your investme termediate calculations. Round your answers to 2 decimal places. (e.g., 32.1 Future Value a. 5 percent compounded annually b. 7 percent compounded annually c. 9 percent compounded annually d. 9 percent compounded semiannually e. 9 percent compounded quarterly $ 6,268.21

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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