Future Values Calculate the following: The future value of lump-sum investment of $3,600 in four years that earns 6 percent. Round your answer to the nearest dollar. (Hint: Use Appendix A-1 or the Garman/Forgue companion website.) Round Future Value of a Single Amount in intermediate
Future Values Calculate the following: The future value of lump-sum investment of $3,600 in four years that earns 6 percent. Round your answer to the nearest dollar. (Hint: Use Appendix A-1 or the Garman/Forgue companion website.) Round Future Value of a Single Amount in intermediate
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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Future Values
Calculate the following:
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The
future value of lump-sum investment of $3,600 in four years that earns 6 percent. Round your answer to the nearest dollar. (Hint: Use Appendix A-1 or the Garman/Forgue companion website.) Round Future Value of a Single Amount in intermediate calculations to four decimal places.$
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The future value of $1,800 saved each year for three years that earns 5 percent. Round your answer to the nearest dollar. (Hint: Use Appendix A-3 or the Garman/Forgue companion website.) Round Future Value of Series of Equal Amounts in intermediate calculations to four decimal places.
$
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