The future value of $1,000 compounded annually for 8 years at 12% may be calculated with...
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The future value of $1,000 compounded annually for 8 years at 12% may be calculated with the following formula: FV = $1,000 (1 + 12%) If the same $1,000 was compounded quarterly, what formula would you use to calculate the FV? The future value of $1,000 compounded annually for 8 years at 12% may be calculated with the following formula: FV = $1,000 (1 + 12%) If the same $1,000 was compounded quarterly, what formula would you use to calculate the FV?
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Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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