What is the future value of $1,150 in 16 years assuming an interest rate of 7.9 percent
Question:
What is the future value of $1,150 in 16 years assuming an interest rate of 7.9 percent compounded semiannually?
The time line is:
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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The time line is For this problem we need to find the FV of a lump sum us...View the full answer
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Related Book For 
Essentials of Corporate Finance
ISBN: 978-1260013955
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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