Fill in the future values for the following table a. Using the future value formula, FV =
Question:
a. Using the future value formula, FV = PV Ã (1+r)n.
b. Using the time value of money keys or function from a calculator orspreadsheet.
Transcribed Image Text:
Present ValueItrst Rate Number of PeriodsFuture Value S400.00 $17,411.00 S35,000.00 $26,981.75 5.0% 6.0% 10% 16% 30 20 15
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The time value of money (TVM) is the concept that the money you have in your pocket today is worth more than the same amount would be if you received it in the future because of the profit it can earn during the interim.
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