Question
4.4 - PV and FV with Multiple Time Periods 1) What is the future value of $100 invested at 10% compounded annually for 10 years?
4.4 - PV and FV with Multiple Time Periods 1) What is the future value of $100 invested at 10% compounded annually for 10 years? 2) What is the present value of an investment that will give you $100 after 10 years with a rate of 10% compounded annually? 3) True or False? Future values are positively related to interest rates and time - the bigger the interest rate and the more compounding periods, the greater the future value will be. 4.5 - Using a financial calculator to solve TVM problems 1) You end up with $20,000 after investing for 20 years at 8% annually. What was the PV? 2) Maverick Jane places $800 in a savings account paying 6% interest compounded annually. How much money will be in the account at the end of five year?
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