What is future value at the end of year

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Reference no: EM131813758

1. "If you deposit $200 now (n=0) and 4 years from now (n=4) you deposit $851 in a savings account that pays 8% annual interest, how much would you have 9 years from now?"

2. What is the future value at the end of year 5 of a series of 3 deposits? The first deposit occurs at the end of year 3 and is $700. The remaining deposits increase by $130/year (so the last deposit will be $960 and will occur at the end of year 5). Assume i = 6.1% compounded annually.

Reference no: EM131813758

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