# compute the future value. Present Value Years Interest Rate Future Value \$ 3,150 6 18 % \$

Jun 21st, 2015
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For each of the following, compute the future value (Do not include the dollar signs (\$). Enter rounded answers as directed, but do not use the rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16)): Present Value Years Interest Rate Future Value \$ 3,150 6 18 % \$ 8,453 19 6 \$ 89,305 13 11 \$ 227,382 29 5 \$

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Question # 2For each of the following Compute the Future valueSolution:Future Value = Present Value * (1+r)^tFuture Value = \$ 3150 * (1+0.13)^6Future Value = \$ 3150 * (1.13)^6Future Value = \$ 3150 * 2.082Future Value = \$ 6558.30Future Value = Present Value * (1+r)^tFuture Value = \$ 8453 * (1+0.07)^19Future Value = \$ 8453 * (1.07)^19Future Value = \$ 8453* 3.617Future Value = \$ 30,574.501Future Value = Present Value * (1+r)^tFuture Value = \$ 89,305 * (1+0.09)^13Future Value = \$ 89,305 * (1.09)^13Future Value = \$ 89,305 * 3.0658Future Value = \$ 273,791.27Future Value = Present

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