The future value of $200,000 invested at a 7% annual rate, compounded quarterly for 3 years is . (Do not round your intermediate calculations. Round the final answer to the nearest two decimal places.) $246,287.86 $111,365.78 $109,287.87 $222,252.19

$246,287.86

Explanation:

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value  

P = Present value  

R = interest rate = 7/4 = 1.75%

N = number of years = 4 x 3 = 12

$200,000( 1.0175)^12 = $246,287.86

forbearance of student loan payments. under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue during the period of forbearance. if you don't pay the interest during that period, the interest may be “capitalized,” which means it is added to your principal balance.

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