Slide 1 Explanation: To find the FV of a lump sum, we use: FV = PV(1 + r)t FV = $2,050(1.12)12 = $7,986.75 FV = $8,352(1.10)6 = $14,796.08 FV = $72,355(1.11)13 = $280,974.74…
