Future Value
If you invest $12,000 today, how much will you have:
a. In 6 years at 7 percent?
b. In 15 years at 12 percent?
c. In 25 years at 10 percent?
d. In 25 years at 10 percent (compounded semiannually)?
https://brainmass.com/business/the-time-value-of-money/future-value-23956
Solution Preview
FVIF= Future Value Interest Factor
FVIF( n, r%)= =(1+r%)^n
Principal= $12,000
a. In 6 years at 7 percent?
Compounding A Annual
No of years= 6
No of Periods= 6
Discount rate annually= 7.00% annual
Discount rate per period= 7.00%
n= 6
r= 7.00%
FVIF (6 periods, 7.% rate=) 1.50073
Amount=Principal*FVIF ...
Solution Summary
Future Value at different interest rates, number of years, compounding frequency are calculated.
$2.19