At the end of year three, what is the future value of $1,000 to be received at the end of year one, $2,000 to be received at the end of year two, and $4,500 to be received at the end of year three assuming an interest rate of 6%?

Question

Mathematics

Jayden Garcia

28 May, 01:30

At the end of year three, what is the future value of $1,000 to be received at the end of year one, $2,000 to be received at the end of year two, and $4,500 to be received at the end of year three assuming an interest rate of 6%?

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Answers (1)

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Veronica Goodman · Answer 1

Receive year

1180 year 1

2360 year 2

5310 year 3

Step-by-step explanation:

i=C*i*t

Interest capital Receive year

i=1000*0,06*3 180 1000 1180 Year 1

i=2000*0,06*3 360 2000 2360 Year 2

i=4500*0,06*3 810 4500 5310 Year 3