Compound Interest and the Time-Value of Money EXERCISES EA-1. a. Future value, 4%, 6 years: $6,000 x 1.26532 = $7,591.92 b. Future value, 6%, 6 years: $6,000 x 1.41852 = $8,511.12 c. Future value, 8%, 6 years: $6,000 x 1.58687 = $9,521.22 EA-2. a. Future value, 12%, 4 years: $4,800 x 1.57352 = $7,552.90 b. Future value, 3%, 16 quarters: $4,800 x 1.60471 = $7,702.61 c. Future value, 1%, 48 months: $4,800 x 1.612226 = $7,738.69 The last calculation relies on a future value factor that is not in the table at the end of Appendix A. The solution can be determined using a financial calculator or using Excel. The Excel calculation is as follows:

No comments found.

jordancarter 6 months ago

This study guide is clear, well-organized, and covers all the essential topics. The explanations are concise, making complex concepts easier to understand. It could benefit from more practice questions, but overall, it's a great resource for efficient studying. Highly recommend!

A. You will receive a PDF that is available for instant download upon purchase. The document will be accessible to you at any time, from anywhere, and will remain available indefinitely through your profile.

A. Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

A. you are buying this document from us learnexams

A. No, you only buy these notes for $ indicated . You are not obligated to anything after your purchase.

A. check our reviews at trustpilot

Add To Cart

Buy Now