Future Value
Not what you're looking for?
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)?
Purchase this Solution
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 ...
Purchase this Solution
Free BrainMass Quizzes
Operations Management
This quiz tests a student's knowledge about Operations Management
MS Word 2010-Tricky Features
These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.
Learning Lean
This quiz will help you understand the basic concepts of Lean.
Organizational Behavior (OB)
The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.