For each of the following, compute the future value: (Do not round intermediate calculations and round your answers to 2 decimal places, e. g., 32.16.) Present Value Years Interest Rate Future Value
$ 2,550 8 18 % $
9,653 21 10 $
101,305 15 11 $
239,382 27 5 $

$9585.09

$71,434.61

$484.702.84

$893,722.24

Explanation:

The formula used in calculating future value is given as :

FV = P (1 + r)^n

FV = Future value

P = Present value

R = interest rate

N = number of years

1. $ 2,550 (1 + 0.18)^8 = $9585.09

2. 9,653 (1 + 0.1)^21 = $71,434.61

3. 101,305 (1 + 0.11)^ 15 = $484.702.84

4. 239,382(1 + 0.05)^27 = $893,722.24

I hope my answer helps you

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!

answer/// there is an inverse relationship between price and quantity demanded;