One year future value compounding with different interest


1. One Year Future Value. What is the future value of $750 deposited for one year earning an 8 percent interest rate annually? (Do not round intermediate calculations. Enter your answer as a whole number.)

Future value=

2. Multiyear Future Value. Compute the value in 35 years of a $1,500 deposit earning 8 percent per year. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Future value=

3. Compounding with Different Interest Rates. A deposit of $400 earns the following interest rates: 10 percent in the first year. 8 percent in the second year. 7 percent in the third year. What would be the third year future value? (Round your answer to 2 decimal places.)

Future value=

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Financial Management: One year future value compounding with different interest
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