Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated interest rate after the stated amount of time. 0.2% per month, compounded monthly, after 11 years. FV= $
Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated interest rate after the stated amount of time.
0.2% per month, compounded monthly, after 11 years.
FV= $
Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the stated interest rate after the stated amount of time.
4.5% per year, compounded quarterly (4 times/year), after 6 years.
FV = $
Calculate, to the nearest cent, the present value of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time. HINT [See Quick Example 4.]
7 years, at 4.2% per year, compounded weekly (52 times per year)
PV = $
Find the present value PV of the given investment (in dollars). (Round your answer to the nearest cent.)
An investment earns 8% per year and is worth $8,000 after 7 months.
PV = $
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