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Steve, MBA

Category: Business and Finance Homework

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Experience: MBA

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Need some help with the following 3 questions.
1.

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Need some help with the following 3 questions.

1. Find the future value and compound interest on $4,000 at 8% compounded semiannually for six years. Use the Future Value for Compound Amount of $1.00 Table or the future value and compound interest formula. Future Value Compound amount of $1.00 link to this table is here in PDF format: http://www.mediafire.com/?11tt4x1iwlzl23b

Compound Amount = $___ (round to the nearest cent as needed.)

Compound Interest = $___ (round to the nearest cent as needed.)

2. Use table or appropriate formula. Compute the compound amount and the interest on a loan of $10,700 compound annually for four years at 4%. Future Value or Compound Amount of $1.00

Here is the table: http://www.mediafire.com/?4r2dq7n8uxd6k1y

Future value or Compound Amount on $1.00 = (round to the nearest cent as needed)

Compound interest= (round to the nearest cent as needed)

3. Find the amount that should be set aside today to yield the desired future amount. There are two tables. They are here Table 1: http://www.mediafire.com/?0gmhz3egr12cuhu Table 2: http://www.mediafire.com/?mfrd91mu5vpqtth