Determine the future value of the following single amounts. Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Invested Amount i= n = Future Value - 1. $ 15,500 5% 12 2. $ 23,000 5% 6 3. $ 35,000 11% 18 4. $ SA 56,000 6% 14
Determine the future value of the following single amounts. Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Invested Amount i= n = Future Value - 1. $ 15,500 5% 12 2. $ 23,000 5% 6 3. $ 35,000 11% 18 4. $ SA 56,000 6% 14
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Determine the future value of the following single amounts.
Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. (FV
of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)
Invested Amount
i=
n =
Future Value
-
1.
$
15,500
5%
12
2.
$
23,000
5%
6
3.
$
35,000
11%
18
4.
$
SA
56,000
6%
14
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