Determine the future value of $12,000 under each of the following sets of assumptions (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.):
Rate Perioid Invested Intrest compounded i= n= Present Value FutureValue
1 12% 10 Years Semiannually ? ? $12,000 ?
2 8% 3 Years Quarterly ? ? $12,000 ?
3 12% 25 Months Monthly ? ? $12,000 ?
Required:
A) Please help fill in the blanks (?) also show me how you caluated the answer?

Answer 1:

FV = $38,485.63

Explanation

Since its compounded semiannually, we have to adjust the number of periods and the interest rate.

i = 12% / 2 = 6%

N = 10 x 2 = 20

PV = $12,000

Annuity payment = 0

FV = ?

https://www.calculator.net/finance-calculator.html

^ We would plug these values in the Financial Calculator.

FV = $38,485.63

Answer 2:

FV = $15,218.9

Explanation:

Compounded Quarterly,

i = 8% / 4 = 2%

N = 3 x 4 = 12

PV = $12,000

PMT (Annuity payment) = 0

We compute the FV using the financial calculator

FV = $15,218.9

Answer 3:

FV = $15,389.18

Explanation:

Compounded Monthly,

i = 12% / 12 = 1%

N = 25 months

PV = $12,000

PMT (Annuity payment) = 0

We compute the FV using the financial calculator

FV = $15,389.18

its high unemployment figures

i just had a test with that question

answer; empowerment and collaboration;