Using a future value calculator available on the Internet or the formula or the tables included in
Question:
a. In the above situations, describe the effect that the rate of return has on the investment value at the end of the selected time period.
b. In the above situations, describe the effect that the number of years has on the investment value at the end of the selected time period.
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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Related Book For
Personal Finance
ISBN: 978-1259720680
12th edition
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
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