Using the Future Value Tables to Answer the Following Questions

question 79

Essay

Using the future value tables to answer the following questions.
Required:
1) What is the value on January 1, 2023, of $75,000 deposited on January 1, 2016, which accumulates interest at
14% annually?
2) What is the value on January 1, 2021, of $15,000 deposited on July 1, 2016, which accumulates interest at 16%
compounded quarterly?
3) What is the compound interest on an investment of $10,000 left on deposit for 7 years at 8% compounded annually?

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Definitions:

Pupil Dilation

The enlargement of the pupil, the black center of the eye, in response to various factors such as low light, arousal, or certain drugs, to allow more light to enter the eye.

Accelerated Heartbeat

An increase in heart rate, which can be a physiological response to exercise, stress, or emotional states.

Medulla

The lower part of the brainstem, responsible for regulating vital bodily functions such as heartbeat and breathing.

Selectively Attend

The process by which individuals focus on certain stimuli while ignoring others in their environment.