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    Calculate the future value of payments

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    Based on the following information, determine the future value of the payments on December 31, 2015.

    Amount deposited every January 1st $20,000
    length of deposits 2008 - 2015
    Assumed interest rate 9%
    Interest computed Semi-annually

    Please show work

    © BrainMass Inc. brainmass.com June 3, 2020, 9:51 pm ad1c9bdddf
    https://brainmass.com/business/accounting/calculate-the-future-value-of-payments-202247

    Solution Preview

    I have used Excel formulas to solve this. I recommend that you either use Excel or a financial calculator for these problems. Thanks.

    This will be ...

    Solution Summary

    The solution answers the question below and goes into quite a bit of detail regarding the Future Value of Payments. The answer is ideal for students looking for a detailed analysis of the question asked below. An excellent response to the question being asked.

    $2.19

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