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What is the future value of $500 invested for 3 years at an annual compound interest rate of 4%? Expl
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityWhat is the future value of $700 deposited for one year earning 4 percent interest rate annually?What is the future value of $500 deposited for 1 year earning an 8% interest annually?
- Complete the following using compound future value. Time 13 years, Principal $16,800, Rate 2%, Compounded annually. What is the amount? What is the interest?How much will $200,000 deposited in an investment account earning an annual interest rate of 8½% be worth one year from today?What is the future value of $10,000 on deposit for 5 years at 6% simple interest?
- If the interest rate is 3 percent then what is the present value of $8,198 to be received in 6 years ?Correct answerConsider a $1,000 deposit earning 7 percent interest per year for six years. What is the future value? How much total interest is earned on the original deposit? How much is interest earned on interest?
- How much should an investor pay for an investment that pays an interest rate of 10% in form of end-of-year payments of $100.00 and $3,000.00 at maturity after 4 years?What’s the future value of $100 after 3 years if the appropriate interest rate is 8%, compounded annually? Compounded monthly? SHOW WORK AND USE FINANCIAL CALCULATORFind the future value of an ordinary annuity of $700 paid at the end of each year for 6 years, if interest is earned at a rate of 5%, compounded annual. What is the future value?