Use Table 13 - 1 Appropriate formula for Exercise 11 - 16. See Examples 3 and 4
Question:
Find the future value of an investment of $10,500 if it is invested for four years and compounded semiannually at an annual rate of 2%?
Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...
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Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
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