It should be Ct = PV (1 + r)10, not Ct = PV (1 +

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It should be Ct = PV × (1 + r)10, not Ct = PV × (1 + r)20, to calculate the future value after 20 years in scenario A. This is due to the fact that there are 10 compounding periods—that is, 20 years of interest applied once a year.

Why 20 year don't have 20 compounding period

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Posted Date: Mar 11, 2024 04:41 PM

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It should be Ct = PV (1 + r)10, not Ct = PV (1 +

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Business Mathematics In Canada

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