Calculating Future Values What is the future value of $1,400 in 20 years assuming an interest rate
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Calculating Future Values What is the future value of $1,400 in 20 years assuming an interest rate of 9.6 percent compounded semiannually?
Future ValueFuture 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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For this problem we simply need to find the FV of a lump sum using t...View the full answer
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Ali Khawaja
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Related Book For 
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th Edition
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan
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