FV= Future Value PV= Present Value R= Interest Rate N= Number of Periods FV= Future Value PV= Present Value R= Interest Rate N= Number of Periods Solving for Future Value: FV= PV(1+r)n PV= (FV)/((1+r)n) N= (In(FV/PV)/(In(1+r)) R= (FV/PV)1-1 Quarterly Compounding FV= PV(1+(r/4))4n 3.Dijmon Sala has $13,956 to invest today and would like to have $23,026 in 7 years. To reach his goals, Djimon would need to earn a rate closest to: Answer: 4.Chrystler Financial is offering a 4-year certificate of deposit with quarterly compounding at 0.059. You decide to invest $774 in the certificate today. On the maturity date, the amount the investment will be worth is