Determining the future value

Reference no: EM1334371

1) What is the future value of $1500 after 5 years if the appropriate interest rate is 12%, compounded monthly?

2) You deposit $1000 today in a savings account that pays 4.0% interest, compounded annually. How much will your account be worth at the end of 25 years?

Reference no: EM1334371

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