Find value of each investment at the end of five years


Using the time value of money to compute the present and future values of single lump sums and annuities. Assume you make the following investments:

a. You invest $8,000 for five years at 14% interest.

b. In a different account earning 14% interest, you invest $1,750 at the end of each year for five years.

Requirement

1. Calculate the value of each investment at the end of five years.

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Finance Basics: Find value of each investment at the end of five years
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