Question: FUTURE VALUE - SINGLE LUMP SUM PAYMENT Practice Problem 1.1 Compounding Interest Future Value (FV) You deposit $1,000 today with ABC Bank. The bank will

FUTURE VALUE - SINGLE LUMP SUM PAYMENT
Practice Problem 1.1 Compounding Interest Future Value (FV)
You deposit $1,000 today with ABC Bank. The bank will give .08 percent interest. How much you will receive at the end of 10 (ten) years ?
N = 10, r = .08, pv 1000 What is fv ?
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