Assume that your client invests $1000 at the end of each of the next three years. The

Question:

Assume that your client invests $1000 at the end of each of the next three years. The investments earn 8% compounded annually. What is the at the end of the three years?
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...