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2 Use the Present Value Function (PV) to determine the amount to invest today Amount needed in future $5,000 Years in the future 5 Interest
2 | |
Use the Present Value Function (PV) to determine the amount to invest today | |
Amount needed in future | $5,000 |
Years in the future | 5 |
Interest rate | 3% |
Amount to invest today |
3 | |
Use the Future Value Function (FV) to determine the future value of the annual investment | |
Amount invested annually | $3,600 |
Number of years invested | 20 |
Interest rate earned | 7.00% |
Future value of investement |
|
Use the Future Value Function (FV) to determine the future value of the monthly investment. | |
Amount invested monthly | $300 |
Number of years invested | 20 |
Interest rate earned | 7.00% |
Future value of investement |
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