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Future value and present value

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Future value and present value

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Using Tables I, II, III, or IV in this appendix, calculate the following:

a. The future value of $60,000 invested at 8 percent for 10 years.

b. The future value of eight annual payments of $4,000 at 9 percent interest.

c. The amount that must be deposited today (present value) at 8 percent to accumulate $100,000 in five years.

d. The annual payment on a 10-year, 6 percent, $60,000 note payable.

Reference no: EM13915507

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