Best writers. Best papers. Let professionals take care of your academic papers

Order a similar paper and get 15% discount on your first order with us
Use the following coupon "FIRST15"
ORDER NOW

future value

You just received a bonus of 1,000.

a.  Calculate the future value of 1,000​, given that it will be held in the bank for 9 years and earn an annual interest rate of 8 percent.

b.  Recalculate part ​(a​) using a compounding period that is​ (1) semiannual and​ (2) bimonthly.

Need assignment help for this question?

If you need assistance with writing your essay, we are ready to help you!

OUR PROCESS

Order

Payment

Writing

Delivery

Why Choose Us: Cost-efficiency, Plagiarism free, Money Back Guarantee, On-time Delivery, Total Сonfidentiality, 24/7 Support, 100% originality

c.  Recalculate parts ​(a​) and ​(b​) using an annual interest rate of 116 percent.

d.  Recalculate part ​(a​) using a time horizon of 18 years at an annual interest rate of 8 percent.

e.  What conclusions can you draw when you compare the answers in parts ​(c​) and ​(d​) with the answers in parts ​(a​) and ​(b​)?

a.  What is the future value of ​$1,000 in a bank account for 9 years at an annual interest rate of 8 ​percent?

​$___​(Round to the nearest​ cent.)

“Order a similar paper and get 15% discount on your first order with us
Use the following coupon
“FIRST15”

Order Now