menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Business Mathematics Study Set 1
  4. Exam
    Exam 10: Annuities: Future Value and Present Value
  5. Question
    Assume That Your Client Invests $1,000 at the End of Each
Solved

Assume That Your Client Invests $1,000 at the End of Each

Question 54

Question 54

Short Answer

Assume that your client invests $1,000 at the end of each of the next three years. The investments earn 8% compounded annually. What is the future value at the end of the three years? (Taken from CIFP course materials.)

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q49: Kingston Engineering Services (KES) acquired a backhoe

Q50: What amount will an ordinary annuity be

Q51: If you make 30 semi-annual deposits of

Q52: Determine the future value in year 8

Q53: What amount would you have to invest

Q55: The Montreal Canadiens have just announced the

Q56: Determine the future value:<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8414/.jpg" alt="Determine the

Q57: Charlene has made contributions of $3,000 to

Q58: Determine the future value (accurate to the

Q59: What will be the amount in an

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines