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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.

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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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