#1. FUTURE VALUE PROBLEM YOU MUST SHOW YOUR CALCULATIONS TO RECEIVE POINTS At the beginning...
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#1. FUTURE VALUE PROBLEM YOU MUST SHOW YOUR CALCULATIONS TO RECEIVE POINTS At the beginning of each year, you deposit the following into a growth mutual fund that earns 6 percent per year: How much should the fund be worth at the end of 5 years? Year Deposit FV Factor Future Value 1 $5,000 2 $7,500 3 $4,500 4 $5,500 5 $6,200 TOTAL FUTURE VALUE- Question: Why is it important for you to understand "future values"? Describe how you plan to apply it to your professional/personal life
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