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Calculate the future value

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For each of the cases in the following table: Calculate the future value at the end of the specified deposit period.

Case Amount of initial deposit Compounding period Interest rate for compounding period Deposit period (years) Deposit at end of each year
A $25,000 Monthly 0.50 10 $2,500
B $50,000 Biannually 3.50 8 $1,000
C $75,000 Annually 6.50 6 $0

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Solution Summary

The expert calculates the future value at the end of the specified deposit period.

Solution provided by:
  • MBA, Indian Institute of Finance
  • Bsc, Madras University
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