Author Question: What is the future value of $16.54 after two years if these funds can be invested to earn 5.5%, ... (Read 70 times)

mia · **on:** Apr 25, 2021

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?

Year	Cash 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

coyin · **Reply #1 on:** Apr 25, 2021

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