Answer:
1) FV =7012.76
2) FV =26408
3) FV ==61565.31
4) FV =18416.24
Step-by-step explanation:
The formula used for calculation of future value for given present investment is given as
FV = PV ( 1 + I )ⁿ
1) for PV = 5000, n = 5 year, I = 7%
FV = 5000*(1.07)^5
FV =7012.76
2) for PV = 7200, n = 15 year, I = 9%
FV= 7250*(1.09)^15
FV =26408
3) for PV = 9000, n = 33 year, I = 6%
FV= 9000*(1.06)^33
FV ==61565.31
4) for PV = 12000, n = 8 year, I = 5.5%
FV = 12000*(1.055)^8
FV =18416.24