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The future value S of principal P invested for n years with an interest rate r% compounded annually may be

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The future value S of principal P invested for n years with an interest rate r% compounded annually may be calculated using the formulaS = P|1+ 100 Rearrange 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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S = P|1+ 100

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Related Book For  answer-question
Mathematics for Economics and Business

Mathematics for Economics and Business

ISBN: 978-1292191669

9th edition

Authors: Ian Jacques

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Question Details
Chapter # 3
Section: Exercises 3.2
Problem: 16
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Question Posted: April 18, 2019 09:19:09
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