What is the future value of $1 (i) After 18 years if the interest rate is 4
Question:
(i) After 18 years if the interest rate is 4 percent,
(ii) After 12 years if the interest rate is 6 percent,
(iii) After 9 years if the interest rate is 8 percent, and
(iv) After 6 years if the interest rate is 12 percent? 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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