SOLUTION: For each of the cases shown in the following table, calculate the future value of the single cash flow deposited today at the end of the deposit period if the interest is compounde

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Question 1158038: For each of the cases shown in the following table, calculate the future value of the single cash flow deposited today at the end of the deposit period if the interest is compounded annually at the rate specified.
Case Single cash flow Interest rate Deposit period (years)
A $ 200 5% 20
B 4,500 8 7
C 10,000 9 10
D 25,000 10 12
E 37,000 11 5
F 40,000 12 9
Answer by Shin123(626) About Me  (Show Source):
You can put this solution on YOUR website!
a)
Solved by pluggable solver: Annual Interest

First, 5% is equal to 0.05 in decimal. So the total money is 200%2A%281%2B0.05%29%5E20, which is equal to .

which is about $530.66.
b)
Solved by pluggable solver: Annual Interest

First, 8% is equal to 0.08 in decimal. So the total money is 4500%2A%281%2B0.08%29%5E7, which is equal to .

which is about $7,712.21.
Click here for the solver above to solve parts c)-f).