If you invest $15,500 today, how much will you have in each of the following ins

Question

If you invest $15,500 today, how much will you have in each of the following instances? Use Appendix A as an approximate answer, but calculate your final answer using the formula and financial calculator methods.

a. In 8 years at 7 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Future Value =

b. In 19 years at 10 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Future Value =

c. In 20 years at 12 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Future Value =

d. In 25 years at 12 percent (compounded semiannually)? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Future Value =

0515 1122346803120 39 5 66 6 2 6 9 5 2 1 2 2 6 599 135 1112334579148 2 0 5297 8327 220872 1112223456780258 579 137 9741 1357914793 2 05 52 0 9 5 5 5 8 7 7 7 24 1245791368469 9749234 9472771 125191662 70 1. · 111122334567801469 23 27 62 43 50 27 09242511874 11112233445 50-1: 456778901245633 488 111-1. 2 2 2 3 3 4 55679024690580 877 1913 678152 2 11112223344567890246 01369 69385 9552 768 5 677 7647 5678913 0123467 95 247148 41866 1234567890123456789 123456789012345678905

Explanation / Answer

a. future value = 15500 * 1.07^8 = 26,631.89

b. future value = 15500 * 1.1^19 = 94,796.59

c. future value = 15500*1.12^20 = 149,517.54

d future value = 15500 * 1.06^50 = 285,512.39

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