Question: Compute the future value of $1000 at an 8 percent interest rate 15, 20, and 30 years into the future. What would the future value be over these time horizons if the interest rate were 5 percent?
Instruction: Round your answers to the nearest penny (2 decimal places).
Future value in 15 years at 8 percent = $
Future value in 20 years at 8 percent = $
Future value in 30 years at 8 percent = $
Future value in 15 years at 5 percent = $
Future value in 20 years at 5 percent = $
Future value in 30 years at 5 percent = $