You have been depositing money into an account yearly based on the following amounts, rates and times. What is the value of that investment account at the end of that period? NOTE: Enter amounts rounded to two decimals (e.g., 78.76 or 40.00). Amount of Annual Investment Rate Time FV $8,000 20% 15 years $12,000 15% 10 years $15,500 12% 5 years $35,500 10% 2 years What is each future value?
You have been depositing money into an account yearly based on the following amounts, rates and times. What is the value of that investment account at the end of that period? NOTE: Enter amounts rounded to two decimals (e.g., 78.76 or 40.00). Amount of Annual Investment Rate Time FV $8,000 20% 15 years $12,000 15% 10 years $15,500 12% 5 years $35,500 10% 2 years What is each future value?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 68SGR
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You have been depositing money into an account yearly based on the following amounts, rates and times. What is the value of that investment account at the end of that period?
NOTE: Enter amounts rounded to two decimals (e.g., 78.76 or 40.00).
| Amount of Annual Investment | Rate | Time | FV |
| $8,000 | 20% | 15 years | |
| $12,000 | 15% | 10 years | |
| $15,500 | 12% | 5 years | |
| $35,500 | 10% | 2 years |
What is each future value?
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