Plz do only 1st You deposit $12,000 at 6% (SA) for 18 months and you roll the entire amount into second investment for 9 months at 2% (Q). What is the Future Value?XRound each calculation to the nearest penny (round normally), NO dollar ($) signs, Use commas where and when neededSelected Answer: 18,064.13estion 2You borrow $9,000 for 16 months at 8% (Q). Interest is charged for Part of a Period. What do you owe at the maturity date?Round each calculation to the nearest penny (round normally), NO dollar ($) signs, Use commas (.) when and where neededSelected Answer: 1002.54estion 3You owe $3,000 in 1 year and $4,200 in 3 years. You will make one cash payment at 2 years to settle BOTH debts. You and your creditor have agreed upon 6% (SA).Round each answer to the nearest penny (round normally) before calculating the cash payment, NO dollar ($) signs, Use commas (.) when and where neededSelected Answer:7142.26

Future Value: It represents the future worth of the present amount and can be estimated by the…

Answered: What is the Future Value?

Business

Finance

What is the Future Value?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EB: You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how...

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Question

Plz do only 1st

You deposit $12,000 at 6% (SA) for 18 months and you roll the entire amount into second investment for 9 months at 2% (Q). What is the Future Value?
X
Round each calculation to the nearest penny (round normally), NO dollar ($) signs, Use commas where and when needed
Selected Answer: 18,064.13
estion 2
You borrow $9,000 for 16 months at 8% (Q). Interest is charged for Part of a Period. What do you owe at the maturity date?
Round each calculation to the nearest penny (round normally), NO dollar ($) signs, Use commas (.) when and where needed
Selected Answer: 1002.54
estion 3
You owe $3,000 in 1 year and $4,200 in 3 years. You will make one cash payment at 2 years to settle BOTH debts. You and your creditor have agreed upon 6% (SA).
Round each answer to the nearest penny (round normally) before calculating the cash payment, NO dollar ($) signs, Use commas (.) when and where needed
Selected Answer:
7142.26

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