Solve by Using Compound Table

question 21

Short Answer

Solve by using compound table. Find future value.
$$\begin{array} { | l | l | l | l | l | } \hline & & & & \text { Future } \\\text { Principal } & \text { Rate } & \text { Time } & \text { \# times Compounded per year } & \text { Value } \\\hline \$ 2,000 & 8 \% & \text { 2 years } & \text { Quarterly } & \text { ? } \\\hline\end{array}$$

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Definitions:

Probability Distribution

An analytical function detailing each potential outcome and its probability for a random variable within a set interval.

Variability

The extent to which data points in a dataset differ from each other and from the mean, often used in statistics.

Stand-Alone Basis

Evaluation or analysis of a project or company as if it were independent from its parent organization or any other entities.

Mean Return

The average return on an investment over a specified period, used to indicate its expected performance.