Calculate the future value calculate the present value, Business Management

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Calculate the future value calculate the present value

1. Calculate the future value:

a) $1,000, in 10 years at an annual interest rate of 8%, compounded annually

b) $15,000, in 8 years at an annual interest rate of 8%, compounded annually

2. Calculate the present value of $15,000 to be received 10 years from today. Assume an annual interest rate of 10%, compounded annually

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Business Management: Calculate the future value calculate the present value

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Business Management: Calculate the future value calculate the present value

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