Future value : for each of the cases shown in the following table, calculate the future value of the single cash flow deposited today at the end of the deposit period if the interest is compounded annually at the rate specified.
|
Case
|
Single cash flow
|
Interest
|
Deposit period (year)
|
|
A
|
$ 200
|
5%
|
20
|
|
B
|
4,500
|
8
|
7
|
|
C
|
10,000
|
9
|
10
|
|
D
|
25,000
|
10
|
12
|
|
E
|
37,000
|
11
|
5
|
|
F
|
40,000
|
12
|
9
|