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Author Question: Calculate the future value of 6,490 received today and deposited for five years in an account which ... (Read 119 times)

abarnes

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on: Jul 10, 2018
Calculate the future value of 6,490 received today and deposited for five years in an account which pays interest of 14 percent compounded semiannually.
 
  What will be an ideal response?

Question 2

A conventional cash flow pattern is one in which an initial outflow is followed only by a series of inflows.
 
  Indicate whether the statement is true or false


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BUTTHOL369

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Reply #1 on: Jul 10, 2018
Answer to Question 1

FV = 6,490(1.14/2)52-1/.14/2 =6,490(1.07)10-1/.07= 12,766

Answer to Question 2

TRUE


abarnes

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Reply 2 on: Jul 10, 2018
Great answer, keep it coming :)

Missbam101

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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