1. Calculate the future value after 3 years if $1000 is deposited at 1.2% simple interest. 2....
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2. Future Value Calculate the future value after 18 months if $2000 is deposited at 2% simple interest.
3. Present Value Find the present value of $3000 in 10 years at 2% simple interest.
4. Present Value Find the present value of $2000 in 8 years at 3.5% simple interest?
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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Related Book For 
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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