# Future Value

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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)?

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##### Solution Summary

Future Value at different interest rates, number of years, compounding frequency are calculated.

##### 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 ...

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