Calculate the future value of each of the following investments.Round the answers to the nearest cent1.PresentNominalValue Interest Rate$28,0002. $40,1003. $13,0004. $39,7503.50%1.50%5.25%3.50%CompoundingFrequencyAnnuallySemi-annuallyQuarterlyMonthlyNumber ofCompoundingPeriods12243648FutureValue$0.00$0.00$0.00$0.00

From the given information we have to find out the future value of the investments.

Answered: Calculate the future value of each of…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Blank 1 refers to the quality of something that has two sides or halves that are the same or very close in size, shape, and position Blank 1 Add your answer

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Calculate the future value of each of the following investments. Round the answers to the nearest cent Present Value 1. $28,000 2. $40,100 Nominal Interest Rate 3.50% 1.50% Compounding Frequency Annually Semi-annually Number of Compounding Periods 12 24 Future Value $0.00 $0.00