4. Future value of money formula estimates the worth of a current investment at a future...
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4. Future value of money formula estimates the worth of a current investment at a future time given that the interest rate is constant based on: FV = PV (1 + i)" In which FV is future value of money, PV is present value of money, i is interest rate per compounding period, and n is the number of compounding periods. If PV = 100000, how any compounding periods would it take for the present investment to grow to 161051, if interest rate is 0.1 (10%)? You will need to round up the value obtained from "fzero" to the closest integer. 4. Future value of money formula estimates the worth of a current investment at a future time given that the interest rate is constant based on: FV = PV (1 + i)" In which FV is future value of money, PV is present value of money, i is interest rate per compounding period, and n is the number of compounding periods. If PV = 100000, how any compounding periods would it take for the present investment to grow to 161051, if interest rate is 0.1 (10%)? You will need to round up the value obtained from "fzero" to the closest integer.
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Related Book For
An Introduction to the Mathematics of Financial Derivatives
ISBN: 978-0123846822
3rd edition
Authors: Ali Hirsa, Salih N. Neftci
Posted Date:
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