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Author Question: What is the future value of $16.54 after two years if these funds can be invested to earn 5.5%, ... (Read 17 times)

mia

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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


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Marked as best answer by mia on Apr 25, 2021

coyin

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mia

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Reply 2 on: Apr 25, 2021
Great answer, keep it coming :)


parshano

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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