E 6-2 Determine the future value of $10,000 under each of the following sets of assumptions:
ANSWER KEY E 6-2 Future value; single amounts.
Determine the future value of $10,000 under each of the following sets of assumptions:
Annual rate Period Invested Interest Compounded
1. 10% 10 years Semiannually
2. 12 5 years Quarterly
3. 24 30 months Monthly
