3. For each of the following, compute the future value (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)):    Present Value Years   Interest Rate Future Value   $ 2,250   11        13 %  $        8,752   7        9    $       76,355   14        12    $       183,796   8        6    $

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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3. For each of the following, compute the future value (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)):

  

Present Value

Years

 

Interest Rate

Future Value

 

$

2,250

 

11     

 

13

%

 $

  

 

 

8,752

 

7     

 

9

 

 $

 

 

 

76,355

 

14     

 

12

 

 $

 

 

 

183,796

 

8     

 

6

 

 $

 

 

 

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