Question: NEED HELP WITH THIS CHART , PLEASE HELP Future Value_A = Principal + Interest = Principal +[(Principal times Interest Rate) times Investment Period] = $2,000

NEED HELP WITH THIS CHART , PLEASE HELP NEED HELP WITH THIS CHART , PLEASE HELP Future Value_A = Principal

Future Value_A = Principal + Interest = Principal +[(Principal times Interest Rate) times Investment Period] = $2,000 + [($2,000 times 8%) times 3 years] = $ Future Value of Account x Future Value_x = Present Value times Interest Rate Factor Present Value x (1 + Interest Rate)^N $2.000 times (1 + 0.08)^3 =$ To find the interest rate factor, you can use four different ways, including multiplying it out: Interest Factor = (1 + 0.08) times (1 + 0.08) times (1 + 0.08) = 1.2597 Or you can use exponents, and calculate it directly: Interest Factor = (1 + 0.08)^3 = 1.2597 The third alternative for solving the equations is to use a spreadsheet, and the fourth is to let a financial calculator perform the calculation. This requires that you know how your calculator functions and how to enter the following variables: P/Y indicates the number of compounding periods per year, N is the number of years, I is the interest rate, PV is present value, and FV is future value. Difference in Future Values Difference = FV_x - FV_A = $

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