The future value S of principal P invested for n years with an interest rate r% compounded annually may be
The future value S of principal P invested for n years with an interest rate r% compounded annually may be calculated using the formulaRearrange this formula to express P in terms of S, r and n.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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Step by Step Answer:
Chapter # 3
Section: Exercises 3.2
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Question Posted: April 18, 2019 09:19:09