Compounding with different interest rates

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Reference no: EM131825200

1. Compute the value in 16 years of a $1,500 deposit earning 8 percent per year. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

2. Compounding with Different Interest Rates (LG4-3) A deposit of $360 earns the following interest rates: 9 percent in the first year. 7 percent in the second year. 6 percent in the third year. What would be the third year future value? (Round your answer to 2 decimal places.)

Reference no: EM131825200

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