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Author Question: Calculate the future value of 10,000 received today and deposited for six years in an account which ... (Read 190 times)

tiara099

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on: Jul 10, 2018
Calculate the future value of 10,000 received today and deposited for six years in an account which pays interest of 12 percent compounded quarterly.
 
  What will be an ideal response?

Question 2

Large firms evaluate the merits of individual capital budgeting projects to ensure that the selected projects have the best chance of increasing the firm value.
 
  Indicate whether the statement is true or false


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carlsona147

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

FV = 10,000(1.12/4 )64-1/.12/4=10,000(1.03 )24-1/.03 = 20,328

Answer to Question 2

TRUE


tiara099

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Reply #2 on: Jul 10, 2018
Thank you :)


carlsona147

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Reply #3 on: Jul 10, 2018
Happy to help you


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