Compute the Future Value of the Following Invested Amounts at the Specified

question 65

Essay

Compute the future value of the following invested amounts at the specified periods and interest rates.
$\begin{array}{cccc}& \text { Invested } & \text { Interest } & \text { Number of } \\\text { Item } & \text { Amount } & \text { Rate } & \text { Periods }\\\text { a. } & \$ 20,000 & 8 \% & 10 \\\text { b. } & \$ 30,000 & 4 \% & 8 \\\text { c. } & \$ 10,000 & 12 \% & 15\end{array}$

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Definitions:

Objectives

Guideposts by which managers define the organization's desired performance in such areas as new-product development, sales, customer service, growth, environmental and social responsibility, and employee satisfaction.

Financial Manager

A professional responsible for managing the financial health of an organization by developing strategies and plans for the long-term financial goals of their organization.

Accounting System

A structured process of collecting, recording, summarizing, and reporting financial transactions to oversee a company's financial health.

Operating Budgets

Detailed projections of income and expenses associated with the daily operations of a company over a specific period.