Problem 4-2: Calculating Future Values
LO 1: For each of the following, compute the future value.
Note: Do not round intermediate calculations and round your answers to 2 decimal places (e.g., 32.16).
Which of the following options correctly computes the future value?
A) Calculate the future value without rounding intermediate calculations and round the answer to 2 decimal places.
B) Compute the future value by rounding intermediate calculations and round the answer to 2 decimal places.
C) Calculate the future value without rounding intermediate calculations and round the answer to 3 decimal places.
D) Compute the future value by rounding intermediate calculations and round the answer to 3 decimal places.