23 Jul WHAT IS THE VALUE OF YOUR INVESTMENT AFTER TWO YEARS?
What is the value of your investmen Show more You invest $2500 for three years at 8 percent. (a) What is the value of your investment after one year? Multiply $2500 1.08. (Omit the $ sign in your response.) Value of investment $ (b) What is the value of your investment after two years? Multiply your answer to part a by 1.08. (Omit the $ sign in your response.) Value of investment $ (c) What is the value of your investment after three years? Multiply your answer to part b by 1.08. This gives your final answer. (Round your answer to the nearest dollar amount. Omit the $ sign in your response.) Value of investment $ (d) Calculate the future value by going to Appendix A (future value of $1) and looking up the future value for n = 3 and i = 8 percent. Multiply this tabular value by $2500 and compare your answer to the answer in part c. There may be a slight difference due to rounding. (Round FV Factor to 3 decimal places and final answer to the nearest dollar amount. Omit the $ sign in your response.) Future value $ Show less
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