Solved: Determine the compound interest on an investment, Financial Accounting

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Determine the compound interest on an investment

Future Value of an Investment and Compound Interest

Using the future value tables, solve the following:

1. What is the value on January 1, 2017 of $40,000 deposited on January 1, 2010 which accumulates interest at 12% compounded annually?

2. What is the value on January 1, 2016 of $10,000 deposited on July 1, 2010 which accumulates interest at 16% compounded quarterly?

3. What is the compound interest on an investment of $6,000 left on deposit for five years at 10% compounded annually?

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Financial Accounting: Determine the compound interest on an investment

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Financial Accounting: Determine the compound interest on an investment

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