This topic contains a solution. Click here to go to the answer

Author Question: What is the future value of $16.54 after two years if these funds can be invested to earn 5.5%, ... (Read 71 times)

mia

  • Hero Member
  • *****
  • Posts: 564

Question 1

The table shows a series of deposits at different dates into a savings account. If the account pays 10.5% interest (compounded annually), what is their future value at year 6? 

YearCash Flow
1$35,000
2$7,000
3$13,000
4$15,000
5$5,000

◦ $109,477.35
◦ $99,074.53
◦ $75,000.00
◦ $107,569.55
◦ $97,790.50

Question 2

What is the future value of $16.54 after two years if these funds can be invested to earn 5.5%, compounded annually?
◦ $18.24
◦ $18.36
◦ $18.58
◦ $18.50
◦ $18.41


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by mia on Apr 25, 2021

coyin

  • Sr. Member
  • ****
  • Posts: 334
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly




mia

  • Member
  • Posts: 564
Reply 2 on: Apr 25, 2021
Excellent


emsimon14

  • Member
  • Posts: 344
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

The average adult has about 21 square feet of skin.

For a complete list of videos, visit our video library