The compound amount or future value can be found using two formulas: I = PR (assuming T
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Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...
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Begin with the formula A P I and replace I with its ...View the full answer
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Related Book For 
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
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