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uture value and compound interest formula.

uture value and compound interest formula.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Find the future value and compound interest on $4,000 at 4% compounded semiannually for two years. Use the Future Value or Compound Amount of $1.00 Table or the future value and compound interest formula. Future Value or Compound Amount of $1.00. Future value=$(Round to the nearest cent as needed.) KILD
Transcribed Image Text:Find the future value and compound interest on $4,000 at 4% compounded semiannually for two years. Use the Future Value or Compound Amount of $1.00 Table or the future value and compound interest formula. Future Value or Compound Amount of $1.00. Future value=$(Round to the nearest cent as needed.) KILD
Data table Table Future Value or Compound Amount of $1.00 Periods 1% 1.5% 2% 8% Rate per period 2.5% 3% 4% 5% 6% 1 1.01000 1.01500 1.02000 1.02500 1.03000 1.04000 1.05000 1.06000 1.08000 1.02010 1.03023 1.04040 1.05063 1.06090 1.08160 1.10250 1.12360 1.16640 1.03030 1.04568 1.06121 1.07689 1.09273 1.12486 1.15763 1.19102 1.25971 1.04060 1.06136 1.08243 1.10381 1.12551 1.16986 1.21551 1.26248 1.36049) 5 1.05101 1.07728 1.10408 1.13141 1.15927 1.21665 1.27628 1.33823 1.46933 Table shows future value (FV) of $1.00 compounded for N periods at R rate per period. Table values can be generated using the formula FV=$1(1+R). 2 3 4 Print Done ue or Compound Amount of $1.00 Table or the - X
Transcribed Image Text:Data table Table Future Value or Compound Amount of $1.00 Periods 1% 1.5% 2% 8% Rate per period 2.5% 3% 4% 5% 6% 1 1.01000 1.01500 1.02000 1.02500 1.03000 1.04000 1.05000 1.06000 1.08000 1.02010 1.03023 1.04040 1.05063 1.06090 1.08160 1.10250 1.12360 1.16640 1.03030 1.04568 1.06121 1.07689 1.09273 1.12486 1.15763 1.19102 1.25971 1.04060 1.06136 1.08243 1.10381 1.12551 1.16986 1.21551 1.26248 1.36049) 5 1.05101 1.07728 1.10408 1.13141 1.15927 1.21665 1.27628 1.33823 1.46933 Table shows future value (FV) of $1.00 compounded for N periods at R rate per period. Table values can be generated using the formula FV=$1(1+R). 2 3 4 Print Done ue or Compound Amount of $1.00 Table or the - X
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